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Consider the following statements :
Statement-I: Recently, the United States of America (USA) and the European Union (EU) have launched the Trade and Technology Council’.
Statement-II: The USA and the EU claim that through this they are trying to bring technological progress and physical productivity under their control.
Which one of the following is correct in respect of the above statements?

Miscellaneous 2023

Options

Both Statement-I and Statement-II are correct and Statement-11 is the correct explanation for Statement-I

Both Statement-I and Statement-II are correct and Statement-11 is not the correct explanation for Statement-I

Statement-I is correct but Statement-II is incorrect

Statement-I is incorrect but Statement-II is correct