the United States of America and the European have launched the Trade and Technology Council, strategic coordination mechanism to tackle challenges the nexus of trade, trusted technology and security. statement 1 is correct. serves as a forum for the United States and European to coordinate approaches to key global trade, and technology issues and to deepen trade and economic relations based on shared values. the Council, the EU and the US are working to: that trade and technology serve our societies economies, while upholding our common values our technological and industrial leadership bilateral trade and investment aim is not about bringing technological progress physical productivity under their control, but rather coordinating approaches with respect to same. statement 2 is not correct.