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U.S.-EU Trade Negotiators Should Pursue Cost Reductions, Greater Transparency,
Data and Burden Sharing among Regulators
WASHINGTON (July 24, 2013) – In
testimony today before the House Subcommittee on Commerce, Manufacturing, and Trade,
Cal Dooley, President and CEO of the American Chemistry Council (ACC),
expressed strong support for a Transatlantic Trade and Investment Partnership (TTIP) that reduces regulatory barriers to trade and empowers U.S. chemical manufacturers to boost exports and create good jobs.
Two-way trade in chemicals across the Atlantic totaled more than $51 billion in 2012, and Europe is one of the U.S. industry's largest markets. The reduction or elimination of regulatory and non-regulatory barriers to chemicals trade would significantly expand U.S. chemical exports at a time when the industry is witnessing unprecedented growth and investment driven by new, domestic sources of
abundant and affordable natural gas .
"The purpose of pursuing closer regulatory cooperation between the United States and EU should be to explore opportunities for creating efficiencies within and between regulatory systems while maintaining high levels of protection for human health and the environment," Dooley told members of the subcommittee. "Our goal is not to undermine or weaken regulatory mandates, but rather to ensure that those mandates do not result in unnecessary barriers to trade."
Dooley identified specific areas that should be addressed in the negotiations to enhance trans-Atlantic regulatory cooperation, including ensuring that regulatory decisions are made on the basis of sound science, making cooperative regulatory activity more transparent, facilitating greater stakeholder input, improving data and information sharing and exploring opportunities for promoting enhanced coherence in chemical prioritization and assessment.
"For the chemical industry, and for the broader U.S. economy, the TTIP has the potential to provide a significant boost to growth and job creation, which in turn would promote innovation and strengthen the international competiveness of U.S. exporters," Dooley added. "In our view, the chemical industry is well placed to be a priority sector for enhanced regulatory cooperation under TTIP."
The business of chemistry is a $770 billion enterprise providing approximately 788,000 high-paying jobs in the United States. The U.S. chemical industry produces 15 percent of the world's chemicals and represents 12 percent of all U.S. exports.
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