Question

UPSC Prelims 2023 Question:

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?

1. Both statement-I and Statement II are correct and Statement II is the correct explanation for Statement-I
2. Both Statement-I and Statement-II are correct, and Statement-II is not the correct explanation for Statement-I
3. Statement-I is correct, but Statement-II is incorrect.
4. Statement-I- is incorrect, but Statement-II is correct.

Answer (Detailed Solution Below)

Option 3: Statement-I is correct, but Statement-II is incorrect.

Detailed Solution

Explanation:

Recently the United States of America and the European Union have launched the Trade and Technology Council, a strategic coordination mechanism to tackle challenges at the nexus of trade, trusted technology and security. So, statement 1 is correct.
The EU-US Trade and Technology Council serves as a forum for the United States and European Union to coordinate approaches to key global trade, economic, and technology issues and to deepen transatlantic trade and economic relations based on these shared values. So, statement 2 is not correct.

Therefore, option (3) is the correct answer.

Subject: Polity | International Relations

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