Question
Consider the following statements:
Statement-I: Recently, the United States of America (USA) and the European Union (EU) have launched the ‘Trade and Technology Council’.
Statement-II: The USA and the EU claim that through this they are trying to bring technological progress and physical productivity under their control.
Which one of the following is correct in respect of the above statements?
Explanation
Statement I is correct: The US and EU did launch the Trade and Technology Council (TTC) at their June 2021 summit in Brussels, aimed at coordinating on trade and emerging tech issues.
Statement II is incorrect: The TTC’s stated goal is not to bring technology ‘under control’ but rather to pool digital resources — like AI models and computing power — and share them with partner countries to tackle shared challenges such as climate change and public health.
Since Statement II misrepresents the initiative’s purpose, the correct answer is Option C.