We are talking about the development of artificial intelligence, the production of semiconductors and the search for environmentally friendly developments. A similar format already exists between the US and the EU under the Trade and Technology Council (TTC). However, post-Brexit, the UK risks being left out of the joint technology innovation framework.The United States is tightening controls on exports of advanced semiconductors to China, building new tech supply chains away from Beijing, and spurring innovation with subsidies for green tech and microprocessors. The Trade and Technology Council develops investment programs in high-tech industries and develops digital infrastructure. On the sidelines, the EU and the United States approve common industrial standards and rules. Entrepreneurs, lawmakers and Foggy Albion pundits fear the UK will be left on the sidelines, writes Politico.During visits to Washington over the past two years, Liz Truss has urged U.S. Commerce Secretary Gina Raimondo and senior Biden administration officials to step up negotiations. There were no particular developments after Truss became Prime Minister. Last October, Washington and London held the first meeting of the data and technology forum created by Johnson and Biden. Senior officials hoped to strike a free flow of data agreement between the United States and the United Kingdom. But no agreement was reached. London has been recommended to join the United States in regulating data transmission under APEC. Meetings on these issues have been postponed to January 2024.
The European Union has so far shown little interest in working more closely with the British. Even with the signing of the Northern Ireland protocol last week, the UK has not become a priority country to participate in the technology talks.Experts believe the UK should join forces with Japan, South Korea and other advanced economies. Together they can call for a broader cooperation format which could include the G7 or other interested states. US and European officials are open to dialogue, but only on specific topics of global concern.
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