Related Stories
US and EU agree 'single market'
Key Excerpts from Article on Website of BBC News
BBC News, April 30, 2007
Posted: May 14th, 2007
http://news.bbc.co.uk/2/hi/europe/6607757.stm
Posted: May 14th, 2007
http://news.bbc.co.uk/2/hi/europe/6607757.stm
The United States and the European Union have signed up to a new transatlantic economic partnership at a summit in Washington. The pact is designed to boost trade and investment by harmonising regulatory standards, laying the basis for a US-EU single market. The two sides agreed to set up an "economic council" to push ahead with regulatory convergence in nearly 40 areas, including intellectual property, financial services, business takeovers and the motor industry. The aim is to increase trade and lower costs. Some reports suggest that incompatible regulations in the world's two richest regions add 10% to the cost of developing and producing new cars.
Note: Why is this important news getting such minimal press coverage?
Related Stories
Latest News
Key News Articles from Years Past
