White House Seeks Comments on Impact of U.S., EU Regulations on Int'l Trade, Investment
December 24, 2007 // Published as a news service by IHS
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The U.S. Office of Management and Budget (OMB) and the Secretariat General of the European Commission (EC) called for public comment on a draft joint report addressing the impact of U.S. and European Union (EU) regulations on international trade and investment.
The report presents a study of existing regulatory practices in the U.S. and the EU and posits some preliminary conclusions that are designed to help ensure that future regulations take international trade and investment concerns into account.
Entitled Review of the Application of EU and US Regulatory Impact Assessment Guidelines on the Analysis of Impacts on International Trade and Investment, the report was drafted for consideration during the Nov. 9, 2007 meeting of the Transatlantic Economic Council.
Established during the April 2007 U.S.-EU Summit, the Transatlantic Economic Council represents the commitment of the American and European governments to strengthen transatlantic economic integration, according to the OMB.
Summit participants agreed upon a Framework for Advancing Transatlantic Economic Integration to help accelerate progress and guide the joint work effort, said the OMB.
Review of the Application of EU and US Regulatory Impact Assessment Guidelines on the Analysis of Impacts on International Trade and Investment is available at http://www.whitehouse.gov/omb/inforeg/reports/draft_sg-omb.pdf.
Interested parties can provide their comments in writing by Feb. 8, 2008. Comments may be e-mailed to OIRA_BC_RPT@omb.eop.gov or faxed to Carolyn Swinney at (1) (202) 395-6974.
Source: American National Standards Institute (ANSI).