Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-11-15-Speech-2-292"
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"en.20051115.27.2-292"2
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".
I cannot think of anything more difficult or perhaps more painful than negotiating a free trade area between the European Union and the United States of America! However, I strongly believe there is scope for attacking some of the non-tariff barriers that stand in the way of growing trade and investment across the Atlantic.
As the honourable Member knows, this is something of great interest to me. I am particularly concerned about the regulatory differences, the lack of convergence and the obstacles that are thrown up because of the differences and frequent incompatibility between the different regulatory systems in Europe and the United States. However, both of those regulatory systems are rooted in tradition, past practice, and I suspect that we in Europe would have no greater luck in telling the Americans how to reform their regulatory systems than the Americans would have if they came over here and told us how to run our regulatory systems. Nevertheless, through patient dialogue and, I hope in due course, negotiation, we should be able to make some necessary and important improvements that will be of benefit to our respective business communities and, therefore, to jobs and livelihoods on both sides of the Atlantic."@en1
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