Fabian Demicoli

EU-US trade negotiations:

 EU aims to establish framework for regulatory cooperation
on financial servicesThe EU has
proposed establishing a framework for regulatory cooperation on financial
services in the Transatlantic Trade and Investment Partnership (TTIP) that it
is currently negotiating with the US.       

The goal is not to define the substance
of international standards, but to create an institutional framework for
regulatory cooperation. This would ensure that EU and US rules work together to
achieve equivalent outcomes – without creating barriers to trade – and it would
help to prevent future crises. Following unprecedented public interest in the
talks, the Commission on 21 January decided to closely consult with the public
on investment provisions of the TTIP with an eye to eliminating loopholes that
could be exploited by companies. On 27 January, the Commission also launched a
special Advisory Group of experts that it will consult throughout the
negotiations. The experts represent a broad range of interests, from
environmental, health, consumer and workers' interests to different business
sectors.

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