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?

Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I

Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I

Statement-I is correct but Statement-II is incorrect

Statement-I is incorrect but Statement-II is correct

APEDIA

UPSC Prelims

2023 • 28 May, 2023 • Paper-1

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?

Correct Answer

Statement-I is correct but Statement-II is incorrect

Subject: Economy.Context: Global Trade Agreements.Details: Statement I is correct; the US-EU Trade and Technology Council (TTC) was established to coordinate ap......

💡 Analysis & Explanation

Subject ▼

Economy.

Context ▼

Global Trade Agreements.

Details ▼

Statement I is correct; the US-EU Trade and Technology Council (TTC) was established to coordinate approaches to key global trade and technology issues. Statement II is incorrect; the stated claim of the TTC is to promote democratic values, align regulatory frameworks, and secure supply chains, not to establish monopolistic 'control' over global technological progress or physical productivity.

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