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FOEE | 8 April 2015
Regulatory cooperation: how an EU-US trade deal risks creating a labyrinth of red tape
For the most recent round of EU-US trade talks, the European Commission released an initial proposal for legal text on ’regulatory cooperation’ in the Transatlantic Trade and Investment Partnership, TTIP. Regulatory cooperation is a key element of the proposed deal. As tariffs between the EU and the US are already relatively low, the main economic benefits attributed to TTIP by the European Commission are expected to come from harmonising regulatory standards between the EU and the US.
Here are 10 reasons why the current European Commission proposal for regulatory cooperation poses serious risks to legislation and decision making in the public interest and is another reason why TTIP should be stopped.