EU, U.S. Aim to Pledge More Enforcement to Curb China Risk
- Allies’ plan contained in draft statement for Sept. 29 meeting
- France wants inaugural meeting delayed over defense-pact spat
The European Union and the U.S. are cautiously moving to rein in China, seeking stronger enforcement of investment-screening rules and trying to keep technology from being misused to threaten security and human rights, according to a draft of outcomes ahead of key talks that may be postponed.
The document, prepared for the inaugural meeting of the U.S.-EU Trade and Technology Council on Sept. 29 and seen by Bloomberg, states the nations will cooperate to promote labor rights, combat forced labor, and that they will work together on export controls to protect international security and support a global level-playing field. They will also jointly resist challenges to their trade policies arising from non-market distortive policies, a reference to China. The draft is subject to change.