EU seeks new global post-trump alliance with the USA: FT.

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The draft EU plan calls for US cooperation on technology, COVID-19, deforestation and challenges from China, the report said.

The European Union wants to forge a new alliance with the United States to bury the tensions of the Trump era and face the challenges of China, the Financial Times (FT) reported, citing a draft plan.

The plan provides for the rebuilding of relations, with common fronts on issues ranging from digital regulation to combating the COVID 19 pandemic, the FT said.

U.S.-European relations have been strained under President Donald Trump, the FT said. The EU and most states in the bloc congratulated President-elect Joe Biden after the November 3 elections.

“As open democratic societies and market economies, the EU and the United States agree on the strategic challenge posed by China’s growing international assertiveness, although we do not always agree on the best way to address this problem,” the FT quoted the draft plan.

The plan, to be presented for approval to national leaders at a meeting on December 10 and 11, proposed the introduction of a new transatlantic agenda at an EU-US summit in the first half of 2021, the newspaper added.

In early November, the EU imposed tariffs on U.S. imports worth up to $4 billion in retaliation for U.S. subsidies to Boeing, but said it hoped for an improvement in trade relations among Biden.

EU trade chief Valdis Dombrovskis said earlier that the European Commission, which coordinates trade policy for the 27 EU member states, had made some informal contacts with the Biden team.

Maintenance and renewal’.

The draft prepared by the Commission states that the EU-US partnership must be “maintained and renewed” if the democratic world is to assert its interests against “authoritarian powers” and “closed economies that exploit the openness on which our own societies depend,” the FT said.

The EU wants to join forces with the US in its response to China and related issues such as emerging technologies, the draft plan says [File: Francois Lenoir/Reuters].

Under Trump, the US has been reluctant to coordinate its response to China with the EU, which has frustrated many in Brussels, and has even imposed its own trade measures on the EU.

The paper states: “As open democratic societies and market economies, the EU and the US agree on the strategic challenge posed by China’s growing international clout, even if we do not always agree on the best way to solve this problem.

It proposes that the EU and the US join forces to shape the digital regulatory environment, including through joint approaches to antitrust and data protection enforcement, cooperation in the screening of sensitive foreign investments, and cooperation in combating cyber security threats.

Other parts of the paper call for cooperation in the development and distribution of COVID-19 vaccines and joint work on World Health Organization reform.

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