BAB Invites Comments from Members on EU-US Trade Deal
BritishAmerican Business, the leading transatlantic business organization, will be sending a detailed response to the European Commission’s Consultation on the establishment of an EU-US trade deal, which would be of huge benefit to our member companies and add billions to the already-massive trade/investment relationship between the EU and US.
Please send your views on this to our Policy Manager, Sarah Scurr (sscurr@babinc.org) by the end of August so that we can reflect and incorporate them in our submission: we would also encourage you to send them directly to the European Commission by responding to their online questionnaire here.
Background:
The establishment of an EU-US trade deal, eliminating current trade barriers, is now a very real possibility, following positive recent decisions taken by EU-US Leaders and the European Council. This would have a hugely positive impact on our membership, as well as stimulating economic growth and job creation and advancing the adoption of international standards for global business.
To help achieve this goal, we are keen to ensure that the European Commission has the best possible information on the areas in which our members are currently experiencing trade barriers or discrimination.
Its Consultation, which closes on September 27th, asks for examples of where industry is facing difficulties in the following areas: tariffs; non-tariff measures; services; investment; intellectual property rights and public procurement. It also specifically asks for details of barriers that small and medium-sized enterprises face.
The more specific that you can be in identifying barriers and discriminatory practices, and how these might be overcome, the better the chances that they will be addressed and resolved though this trade deal. It would also be helpful to know of other areas where you may have concerns, including at the sub-federal level.