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Transatlantic Regulatory Cooperation: A Possible Role for Congress [December 1, 2009]
"The United States and the European Union (EU) share a comprehensive, dynamic, and mutually beneficial economic relationship. Transatlantic markets are among the most open in the world and are deeply integrated. The current global economic crisis has begun to have a significant negative impact on the transatlantic economy. Nevertheless, the great stake each side has had in the other's economy affords both sides the ability to withstand each other's current economic downturn. The key measure of the strength of the transatlantic relationship could be the ability of both sides to work with each other to weather the current financial storm. One issue that has worked against a stronger economic relationship is the existence of regulatory barriers that limit an even more integrated market from materializing. The United States and the EU have engaged in a number of attempts to reduce remaining non-tariff and regulatory barriers to trade. In the most recent effort, then President Bush and German Chancellor Merkel, serving as President of the EU, at the April 2007 U.S.-EU Summit agreed to establish the Transatlantic Economic Council (TEC). The TEC was directed to 'advance the work of reducing or eliminating non-tariff barriers to transatlantic commerce and trade.' The leaders also created an advisory group to 'provide guidance and direction' to the TEC and invited the U.S. Congress, along with the European Parliament, to accept a new, more substantive role in transatlantic regulatory cooperation by becoming part of the advisory group. The Transatlantic Legislators' Dialogue (TLD) was appointed to represent the legislatures in the TEC advisory group. […]This report provides background and analysis on the TEC process, the role of the Congress, and the TLD. For additional information see CRS [Congressional Research Service] Report RL34717, 'Transatlantic Regulatory Cooperation: Background and Analysis', by Raymond J. Ahearn, and CRS Report RL30608, 'EUU. S. Economic Ties: Framework, Scope, and Magnitude', by William H. Cooper."
Library of Congress. Congressional Research Service
Ahearn, Raymond J.; Morelli, Vincent L.
2009-12-01
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Transatlantic Regulatory Cooperation: A Possible Role for Congress [November 18, 2009]
"The United States and the European Union (EU) share a comprehensive, dynamic, and mutually beneficial economic relationship. Transatlantic markets are among the most open in the world and are deeply integrated. The current global economic crisis has begun to have a significant negative impact on the transatlantic economy. Nevertheless, the great stake each side has had in the other's economy affords both sides the ability to withstand each other's current economic downturn. The key measure of the strength of the transatlantic relationship could be the ability of both sides to work with each other to weather the current financial storm. One issue that has worked against a stronger economic relationship is the existence of regulatory barriers that limit an even more integrated market from materializing. The United States and the EU have engaged in a number of attempts to reduce remaining non-tariff and regulatory barriers to trade. In the most recent effort, then President Bush and German Chancellor Merkel, serving as President of the EU, at the April 2007 U.S.-EU Summit agreed to establish the Transatlantic Economic Council (TEC). The TEC was directed to 'advance the work of reducing or eliminating non-tariff barriers to transatlantic commerce and trade.' The leaders also created an advisory group to 'provide guidance and direction' to the TEC and invited the U.S. Congress, along with the European Parliament, to accept a new, more substantive role in transatlantic regulatory cooperation by becoming part of the advisory group. The Transatlantic Legislators' Dialogue (TLD) was appointed to represent the legislatures in the TEC advisory group. […]This report provides background and analysis on the TEC process, the role of the Congress, and the TLD. For additional information see CRS [Congressional Research Service] Report RL34717, 'Transatlantic Regulatory Cooperation: Background and Analysis', by Raymond J. Ahearn, and CRS Report RL30608, 'EUU. S. Economic Ties: Framework, Scope, and Magnitude', by William H. Cooper."
Library of Congress. Congressional Research Service
Ahearn, Raymond J.; Morelli, Vincent L.
2009-11-18
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Transatlantic Regulatory Cooperation: A Possible Role for Congress [August 25, 2009]
"The United States and the European Union (EU) share a comprehensive, dynamic, and mutually beneficial economic relationship. Transatlantic markets are among the most open in the world and are deeply integrated. The current global economic crisis has begun to have a significant negative impact on the transatlantic economy. Nevertheless, the great stake each side has had in the other's economy affords both sides the ability to withstand each other's current economic downturn. The key measure of the strength of the transatlantic relationship could be the ability of both sides to work with each other to weather the current financial storm. One issue that has worked against a stronger economic relationship is the existence of regulatory barriers that limit an even more integrated market from materializing. The United States and the EU have engaged in a number of attempts to reduce remaining non-tariff and regulatory barriers to trade. In the most recent effort, then President Bush and German Chancellor Merkel, serving as President of the EU, at the April 2007 U.S.-EU Summit agreed to establish the Transatlantic Economic Council (TEC). The TEC was directed to 'advance the work of reducing or eliminating non-tariff barriers to transatlantic commerce and trade.' The leaders also created an advisory group to 'provide guidance and direction' to the TEC and invited the U.S. Congress, along with the European Parliament, to accept a new, more substantive role in transatlantic regulatory cooperation by becoming part of the advisory group. The Transatlantic Legislators' Dialogue (TLD) was appointed to represent the legislatures in the TEC advisory group. […]This report provides background and analysis on the TEC process, the role of the Congress, and the TLD. For additional information see CRS [Congressional Research Service] Report RL34717, 'Transatlantic Regulatory Cooperation: Background and Analysis', by Raymond J. Ahearn, and CRS Report RL30608, 'EUU. S. Economic Ties: Framework, Scope, and Magnitude', by William H. Cooper."
Library of Congress. Congressional Research Service
Ahearn, Raymond J.; Morelli, Vincent L.
2009-08-25
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Transatlantic Regulatory Cooperation: A Possible Role for Congress [March 9, 2009]
"The United States and the European Union (EU) share a comprehensive, dynamic, and mutually beneficial economic relationship. Transatlantic markets are among the most open in the world and are deeply integrated. The current global economic crisis has begun to have a significant negative impact on the transatlantic economy. Nevertheless, the great stake each side has had in the other's economy affords both sides the ability to withstand each other's current economic down-turn. The key measure of the strength of the transatlantic relationship could be the ability of both sides to work with each other to weather the current financial storm. […] Although the Transatlantic Legislators' Dialogue (TLD) has been in existence since 1999, there appears to be a lack of familiarity with its structure, membership, and function. With respect to its role in the Transatlantic Economic Council (TEC) process, several questions have been raised including the makeup of the TLD, the role of the standing committees in both the Congress and the Parliament, the staff, and the role of the U.S. Senate. A number of options for reform have been proposed. This report will provide background and analysis on the TEC process, the role of the Congress, and the TLD. This Report will be updated as events warrant."
Library of Congress. Congressional Research Service
Morelli, Vincent L.; Ahearn, Raymond J.
2009-03-09
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