Policy | Washington, 10 March 2016
Commissioner Malmström in Washington D.C.
The European Union’s Commissioner for Trade, Cecilia Malmström is in Washington D.C., to meet the US Trade Representative, Senators and others. She also held a speech at the Peterson Institute , stressing the importance of deep cooperation between the European Union and the United States on trade issues.
At their meeting Friday to take stock of progress in the negotiations for a Transatlantic Trade and Investment Partnership (TTIP), Commissioner Malmström and US Trade Representative Michael Froman discussed the recent negotiation round and the way forward in the two rounds planned before the summer. A focus of Friday's discussions was on the progress reached during the past months in the field of regulatory cooperation, including good regulatory practices, and sectors such as pharmaceuticals, cars and medical devices. The two also discussed other aspects of the technical barriers to trade (TBT) section of the TTIP agreement, as well as energy. Malmström and Froman are scheduled to meet again next week in Brussels, and later in the spring, as part of joint efforts to keep up an accelerated pace in the TTIP talks.
In a speech at the Peterson Institute for International Economics Thursday, Commissioner Malmström argued that on both sides of the Atlantic the long consensus around open markets was now the subject of intense debate. Governments needed to respond to concerns raised in those debates by making trade policy more economically effective and by ensuring that it served as a tool to protect and project our values by shaping global trade rules.
Neither the EU nor the US could do this alone. Instead, Malmström argued in her speech that each could and should support the other in this broad agenda across all our work. In this respect, she highlighted not only the particular importance of the Transatlantic Trade and Investment Partnership (TTIP) but also the need to work together at the World Trade Organisation and how our respective bilateral and regional agreements - such as the Trans-Pacific Partnership and the EU's recent agreements with Vietnam and Canada - were mutually beneficial.
During her visit, the Commissioner also discussed TTIP and EU-US cooperation with US Senators Orrin Hatch and Ron Wyden and with Food and Drug Administration Commissioner Robert Califf and Deputy Commissioner Stephen Ostroff. She is also holding discussions with US trade union and business representatives. On Thursday she met AFL-CIO President Trumka and on Friday participates in a roundtable discussion at the US Chamber of Commerce.