EU announces plans to better protect its sensitive technologies from foreign snooping

Lane on I-95 in St. Johns County temporarily shut down following police chase; suspect capturedFILE - A member of European Commission, left, prepares to exchange documents with Chinese delegation at a signing ceremony after the 5th China-EU High Level Economic and Trade dialogue at Diaoyutai State Guest House in Beijing, on Sept. 28, 2015. The European Union's trade commissioner called for a more balanced economic relationship with China on Monday, Sept.

To better protect its relatively open market, the European Commission wants the member states to immediately carry out risk assessments of its most sensitive industries, including advanced semiconductor, artificial intelligence, quantum and biotechnologies. Even though the European Commission refrained from putting the onus on any specific country, the EU itself has repeatedly said that it must be better prepared to develop measures to protect trade and investment that China might exploit for its own security and military purposes.

Thierry Breton, the EU's internal market commissioner, said that the measures would reach well beyond Beijing.

Source: Financial Digest (financialdigest.net)

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