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Commission proposals pave way for more predictable EU-US trade environment
By tabling two proposals to implement the EU-US framework agreement, the European Commission has moved quickly to bring more predictability to transatlantic trade. The European Parliament and Council should now follow suit and approve the proposals without delay. We are concerned that any attempt to postpone or reopen the agreement – whether initiated in Brussels or Washington, DC – would undermine the predictability that the deal seeks to establish. The sooner the deal is fully implemented, the sooner businesses will benefit from a more stable trading environment and both sides can build on the terms set out in the EU-US Joint Statement.
For more on the EU-US Joint Statement, read AmCham EU’s initial take on the deal, including the importance of expanding the number of sectors in the zero-for-zero tariff list, with the goal of creating a zero-tariff zone across the Atlantic.