The EU will on Wednesday outline a more aggressive approach to setting global standards for cutting-edge and green technologies in a concerted effort to counter the influence of China.
Margrethe Vestager, the bloc’s competition chief, told the Financial Times the new strategy was designed to ensure Europe continued to set international benchmarks that guided the development of everything from facial recognition systems, advances in battery power and the next generation of environmental innovations.
“This is strategic,” said Vestager. “It’s really, really important who sets the standards because they should enable a market to work, but not to make innovation difficult.” She added the EU wanted to implement the plan “as fast as possible”.
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