TTIP Negotiators Tout Progress on Facilitation, Mutual Recognition Following Talks
The Transatlantic Trade and Investment Partnership has the potential to slash “red tape” and bureaucratic hurdles in U.S.-European trade, said the top American TTIP negotiator, Dan Mullaney, in April 27 remarks that capped off a week of TTIP talks in…
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New York City (here). “We made important progress this week in a number of key areas of the negotiations,” said Mullaney. “We had very productive engagement on some of the key regulatory areas. With respect to technical barriers to trade, we discussed ways in which we can reduce regulatory costs and burdens while continuing to achieve our respective high levels of consumer and environmental protection.” Mullaney hinted at mutual recognition of regulatory functions in a final TTIP agreement. A key European business leader recently voiced support for that mutual recognition, instead of full regulatory harmonization (see 1503240062). Chief European negotiator for TTIP, Ignacio Garcia-Bercero, echoed those calls for improved facilitation and regulatory cooperation.