Transcript PowerPoint Presentation EuroConference 2006

EU - US Trade Relations and
TransAtlantic Business Dialogue
Peter Rush
Chief Executive Officer
Kellen Company
EuroConference 2006
26 April 2006, Brussels
EU – US Trade relations
• TransAtlantic economic ties account for a
third of global trade and 20 % of the world’s
foreign investment.
• US Investment in the Netherlands alone
was twice what it was in Mexico
• For every five products exported from the
US or Europe one is headed across the
Atlantic, amounting 1.8 billion of trade of
goods and services every day.
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The Renewed TransAtlantic Agenda
• TransAtlantic Business Dialogue (TABD)
– Started in the mid-nineties it achieved success on
some fronts and sectors
– TABD was revived in the past 2 years
• Key activities now include:
– The TransAtlantic Legislators Dialogue (TLD)
allowing better mutual understanding and insights
– The Forum for Regulatory Cooperation (Forum)
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Role of Associations
• Engaged with regulatory process early
• Provide technical and practical expertise in
industry and science
• Develop consensus opinions for framework
and scope in US and EU
• Create forum for information and feedback
in the process
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Forum: Regulatory Standards Ccooperation
«Our aim is to build effective mechanisms to promote better quality
regluation, minimize unnecessary regulatory divergences to facilitate
transatlantic trade and investment, and increase consumer confidence in
the Transatlantic market» (2005 EU-US Economic Initiative)
1. Implementing of Regulatory Cooperation
activities between EC and US authorities
according to the 2005 Roadmap
2. Initiation of a work program of the high-level
Regulatory Cooperation Forum as described in
the annex of the Summit Economic Initiative.
3. Promoting of Regulatory Cooperation outside
the 2005 Roadmap
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1. Implementing of Regulatory Cooperation...
• Sectoral dialogues with individual work
plans in 15 specific areas:
e.g. Automobile Safety, Consumer Product Safety,
Nutrition Labeling, Food Safety, Energy Efficiency,…
• Dialogue between European Commission –
Office of Management & Budget
• EU-US Experts Exchange Program
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2. Initiation of a work program …
• Platform for activities related to “how do we
cooperate” on, for example:
– Cross cutting regulatory cooperation topics
• Of general interest to regulators
• That are the responsibility for multiple regulatory
authorities
– Future cooperative agenda
• Exchanges of annual Commission and US
regulatory work program
• Facilitating the implementation of regulatory
dialogues
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3. Regulatory Cooperation outside Roadmap
• Consideration should be given to expanding
the spectrum of EU-US regulatory
cooperation activities outside the 2005
Roadmap, and possible links with Forum
activities, where appropriate.
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Automotive Industry
• Harmonization of standardization
procedures
– could promote a more cost effective production
• A common direction in R&D
– helps to create a head start in several technological
fields
– can beat the threat of other raising economies
• Horizontal harmonization of regulation
– would lead to a costly more effective business.
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Energy Efficiency
“The EU and the US will work together to advance security, renewables, energy
efficiency and economic development” (2005 EU-US Economic Initiative)
• Hydrogen
– Develop cooperation on fuel cells under 2003 DOE/EC
Amendment Implementing Agreement for non nuclear energy
cooperation
– Mobilize 3rd countries to develop and use hydrogen
technology
• Clean Transport
– Strengthen cooperation between the U.S. Clean Cities
Program and the EC CIVITAS Initiative
– EC/US-DOE workshop to review current cooperation and
define work program.
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Food Industry
• Nutrition Labeling:
Harmonization will help to avoid discriminatory
restrictions on both sides of the Atlantic which
could lead to technical trade barriers.
• Food Safety:
Harmonization of regulations could help to increase
the competitiveness of European Industry.
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Framework for the future
• Successful methodology for rational
regulatory approaches in global economy
• Template for other industry and service
sectors
• Creation of basis line for reference in other
international regulatory harmonization
discussions
• Development of baseline measurements for
cooperative efforts
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Facilitation of Process
• Associations in EU and US must work together
• Kellen approach to assist associations in
information gathering and assimilation,
representation, advocacy and coalition building
• Assembly of resources to concentrate on issues
and results rather than on process
• Creation of value-added relations for associations
and governments and technical and scientific
levels
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Thank you