The European Union’s economic summit in Brussels on Monday will also feature a showcase of eu technology that is being touted as the world’s largest.
But there is a major catch: the summit will be open to only citizens of the EU’s 27 member states, including Russia, Austria and Ireland.
The US is not a member of the Eu but is still in talks with the bloc over a trade agreement that could give the United States the largest share of the eu’s economy.
A US company has raised €3bn ($3.8bn) in a €4bn (£3.5bn) investment fund from European investors including the UK’s Royal Bank of Scotland and German bank UBS, according to Reuters.
The venture capital firm CapitalGains announced it had raised €1.4bn from European companies to expand its European operations, bringing its total funding to about €3.4 billion.US President Donald Trump has long advocated for the Eusecs plan to be a “trade deal” and has been urging the EU to include the US in it.
European companies including US tech giant Apple, Facebook and Google, and US banks JPMorgan Chase and Citigroup, have also backed the initiative.
But many European politicians are opposed to a US-EU trade deal and are wary of creating new barriers to trade in the digital sector.
Many of the European leaders are also opposed to the Transatlantic Trade and Investment Partnership (TTIP) a multilateral agreement which is currently under negotiations between the US and the EU.
But a number of European politicians say the EUs plan is not in the interests of European citizens.
On Monday, the European Commission, the EUs executive arm, will unveil a plan for the next phase of the trade agreement, which would include “extensive EU-US collaboration in the areas of innovation and digital economy”, the agency said.
The EUs trade policy, in general, is based on the principle of free trade, but it is not the case that we are opposed towards any agreement that will benefit the whole of the world, said EU Commission President Jean-Claude Juncker.
The European Commission wants to strengthen the existing European Union-US trade relations by promoting a comprehensive and integrated global digital economy, as well as enhancing the co-operation between the EU and the United Kingdom in the fields of science and technology.
The commission is also working on a “Digital Agenda for the 21st Century” and is currently in the process of drafting a report on “digital competitiveness” for the European Parliament.
The Commission is also looking at whether to create a European Union Digital Strategy for digital innovation, as part of a broader agenda.
But European politicians have also voiced their concerns about the European Unions potential to create new barriers in the area of technology and the digital economy.
“It’s a very serious question for the digital community whether this will actually create any new jobs or not,” said Janusz Lewandowski, head of the German digital industry lobby Fraunhofer Institute for Economic Research, which represents more than 40 companies in the sector.
“The EU has a massive problem with digital.
The whole concept of digital in the EU has been created by governments and companies.
It is the only one that is not open for business,” he said.”
If we don’t do anything, it’s not going to work,” he added. More: