Financial Times: EU proposes new alliance with US in face of China challenge
Tashkent, Uzbekistan (UzDaily.com) -- The EU will urge the US to seize a "unique opportunity" to create a new global alliance.
In this regard, the European Commission, together with the EU High Representative for Foreign Affairs and Security Policy Josep Borrell, has developed a draft document entitled “A New Agenda for EU-US Relations in the Context of Global Changes”.
The document will be considered at the EU summit on 10-11 December and it proposes to host an EU-US summit in the first half of 2021 as the moment to launch a new transatlantic agenda.
The plan covers 5 key areas for future transatlantic cooperation: a) combating the COVID-19 pandemic; b) accelerating economic recovery; c) combating climate change; d) maintaining multilateralism and shared values; e) promoting peace and security.
It, in particular, notes the need to leave behind the disagreements between the parties that arose during the Trump administration in order to jointly respond to the "strategic challenge from China." It also emphasizes that relations between Brussels and Washington "need to be renewed" if they are both interested in defending the interests of a democratic world against "authoritarian powers" and "closed economies that exploit our societies."
The EU and the US intend to pay special attention to interaction in the field of taxation, given the plans of Brussels to introduce a digital tax for American technology companies. In turn, Brussels’ vision of data protection rights, increased competition in the sector and tax reform will require action against the large American companies that dominate the industry.
The draft document notes that the EU and the US "do not always agree" on how to deal with China. The official trilateral strategy of the European bloc, consisting of cooperation, competition and rivalry with Beijing, is less aggressive than Washington’s. While European institutions and member states in general have become more skeptical of China, especially as Beijing’s wolf-warrior diplomacy has become more aggressive during the pandemic, there is still a reluctance for widespread confrontation.