SACLAY, France—Senior U.S. and European Union officials agreed to expand cooperation on supply chains for critical technologies including semiconductors and materials used in their production, they said at a high-level gathering about shared concerns surrounding high-tech international commerce.

At the second meeting of the U.S.-EU Trade and Technology Council, the two sides unveiled initiatives to better align policies and work in 10 areas, including high-tech supply chains, artificial intelligence and international industrial standards. In response to the economic impact of Russia’s invasion of Ukraine, the group added an additional work stream on global food security.

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