After being approved by the Council of the European Union, the regulation will be signed by the President of the European Parliament and the President of the Council.
The agreement by the two countries to work more closely was reached during a bilateral economic cooperation committee meeting held in Seoul, South Korea.
The U.S. and Europe will need to stimulate more innovation and reward manufacturers if they hope to loosen Asia's grip on the global semiconductor market.
A deal is expected between Japan’s Ministry of Economy, Trade and Industry, the Japan Organization for Metals and Energy Security and Saudi Arabia’s Ministry of Industry and Mineral Resources.
The latest supply-chain news, analysis, trends and tools for executives in the chemicals and energy industries. Learn how chemical and energy companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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