Regulation Hinders Trans-Atlantic Trade: Ashton

Law360, New York (October 27, 2009, 4:21 PM EDT) -- The European Commission's top trade official has called on leaders in the U.S. and Europe to break the regulatory glass ceiling inhibiting greater trans-Atlantic trade, saying tariffs are not the problem for European Union exporters.

In a speech to the U.S. Chamber of Commerce in Washington on Monday, European Commissioner for Trade Catherine Ashton said the main trade barriers for exporters were product licensing, risk assessment rules and divergent standards.

“These barriers arise because, regardless of the similarities between our economies and societies, some important differences...
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