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EU and US Discuss Aligning Investment Controls With Eye on China

  • Allies are mapping out role of some public investment funds
  • Progress made on semiconductors, draft TTC statement says

The European Union and the US are discussing working closely to address risks from investing in sensitive technologies in countries like China as they develop new tools to cope with an increasingly hostile economic environment.

Both partners will seek to align their approaches for outbound investment screening “to prevent our companies’ capital, expertise, and knowledge from supporting the technological advances of strategic rivals in ways that threaten our national security,” according to the latest draft statement for a high-level meeting next week in Lulea, Sweden.