Correct Answer : Option (C) - Statement-I is correct but Statement-II is incorrect
Note : * Recently, the United States of America (USA) and the European Union (EU) have launched the Trade and Technology Council’.
* The EU-US Trade and Technology Council serves as a forum for the United States and European Union to coordinate approaches to key global trade, economic, and technology issues and to deepen transatlantic trade and economic relations based on these shared values. It was established during the EU-US Summit on 15 June 2021 in Brussels. Hence, statement 1 is correct.
* US and EU discussed TTC work, with a focus on issues such as artificial intelligence, semiconductors and information and communication technology services.
* Through the Council, the EU and the US are working together to:
* Ensure that trade and technology serve societies and economies, while upholding our common values
* Strengthen their technological and industrial leadership
* Expand bilateral trade and investment
Hence, statement 2 is not correct.
Source :
The Hindu