US IT suppliers are urging the US Congress to lobby the European Union to adopt a hands-off approach to IT regulation, in the face of increasing competition from the likes of China and India.
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At a US Congress sub-committee hearing this week, suppliers urged Congress to push the US’ traditional IT light regulatory touch when it comes to trade negotiations with the EU.
President George Bush is set to meet EU leaders on 20 June, and trade and competition will be one of the main issues discussed.
The Information Technology Association of America (ITAA), which has 400 IT industry member companies, said that while the US and EU argued over issues such as who should control the internet and disability standards in software, countries such as China and India were set to threaten US, European and Japanese dominance in the IT industry.
ITAA also called on Congress to pay for college entrants wanting an education in maths, science and technology, as China was outstripping the number of engineers that the US is currently producing.