Statement-I: Recently United States of America (USA) and European Union (EU) have launched the Trade and Technology Council.
Statement-II: The USA and 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?
(a) Both Statement-I and Statement-II are correct, and Statement-II is the correct explanation for Statement-I.
(b) Both Statement-I and Statement-II are correct, and Statement-II is not the correct explanation for Statement-I.
(c) Statement-I is correct, but Statement-II is incorrect.
(d) Statement-I is incorrect, but Statement-II is correct.