Statement-I: Recently, the USA and the EU launched the ‘‘Trade and Technology Council’’. Statement-II: The USA and the EU claim that through this they aim to control technological progress and productivity. Which one of the following is correct in respect of the above statements?

Options

1. Both correct and II is correct explanation
2. Both correct but II not correct explanation
3. Statement-I correct but Statement-II incorrect
4. Statement-I incorrect but Statement-II correct

Correct Answer

Statement-I correct but Statement-II incorrect

Explanation

The US-EU Trade and Technology Council aims to coordinate technology standards, supply chains, and digital governance — not control productivity.

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