The Los Angeles Post
California & Local U.S. World Business Lifestyle
Today: January 15, 2025
Today: January 15, 2025

EU announces plans to better protect its sensitive technologies from foreign snooping

China EU
October 03, 2023
RAF CASERT - AP

BRUSSELS (AP) — The European Union announced plans on Tuesday to better protect its cutting-edge technologies from foreign snooping that might threaten its economy and security in the wake of repeated warnings that the bloc needs to “de-risk” its relations with China.

“Technology is currently at the heart of geopolitical competition and the EU wants to be a player, and not a playground,” European Commission Vice President Vera Jourova said.

To better protect its relatively open market, the European Commission wants the member states to immediately carry out risk assessments of its most sensitive industries, including advanced semiconductor, artificial intelligence, quantum and biotechnologies.

Those are considered “highly likely to present the most sensitive and immediate risks related to technology security and technology leakage” and are up for the highest level of protection.

Even though the European Commission refrained from putting the onus on any specific country, the EU itself has repeatedly said that it must be better prepared to develop measures to protect trade and investment that China might exploit for its own security and military purposes.

“China indeed is a big elephant in general terms, but in our recommendation, we are country agnostic,” Jourova said.

Thierry Breton, the EU's internal market commissioner, said that the measures would reach well beyond Beijing.

“We want to de-risk, but not only with China, with everybody, including some time, if it’s needed, with some of our like-minded partners,” he said.

How the risk assessments would be followed up with measures wasn't fully clear.

The measures are the latest example of the struggle the 27-nation has in setting its relations with Beijing. The EU has said that despite sometimes fundamental differences on human rights and state involvement in the economy, it was no option to fully decouple relations with such a superpower.

Hence, the EU has sought to center on de-risking relations, and better protecting its vital economic sectors from undue interference.

Related

Business|Technology|US

US closes probe into GM Cruise self-driving vehicles over pedestrian risks

U.S. auto safety regulators on Wednesday closed a probe into whether General Motors’ self-driving unit Cruise robotaxis were taking sufficient precautions to safeguard

US closes probe into GM Cruise self-driving vehicles over pedestrian risks
Business|Environment|Political|US

New York City lawsuit against Exxon, BP, Shell over climate change dismissed

A judge has dismissed New York City's lawsuit alleging that Exxon Mobil, BP and Shell were liable for misleading the public about their products, and their commitment to renewable

New York City lawsuit against Exxon, BP, Shell over climate change dismissed
Asia|Business|Lifestyle|Technology|World

China gives a wary welcome to influx of 'TikTok refugees' on RedNote

Users of the Chinese social media app RedNote welcomed "TikTok refugees" from the United States with selfies and messages on Wednesday, as Beijing said it encouraged

China gives a wary welcome to influx of 'TikTok refugees' on RedNote
Business|Economy|Finance|Stock Markets|US

Citigroup swings to profit on trading strength, surging deals

Citigroup swung to a profit in the fourth quarter, fueled by strength in trading and a recovery in dealmaking that drove up investment banking fees.

Citigroup swings to profit on trading strength, surging deals
Share This

Popular

Business|Political|Technology

Meta shift from fact-checking to crowdsourcing spotlights competing approaches in fight against misinformation and hate speech

Meta shift from fact-checking to crowdsourcing spotlights competing approaches in fight against misinformation and hate speech
Arts|Business|Education

This class uses museums to show law students the high art of curating ideas

This class uses museums to show law students the high art of curating ideas
Business|Economy|Europe|Finance

ECB to cut rates four more times by mid-year, say economists - Reuters poll

ECB to cut rates four more times by mid-year, say economists - Reuters poll
Business|Economy|Finance|Political|US

US consumer prices rise slightly above expectations in December

US consumer prices rise slightly above expectations in December