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United States | Brussels, 2 May 2016

New study highlights examples of EU-US regulatory cooperation

A new study, funded by an EU grant and released this week, looks at the challenges and opportunities which the EU and the US face as they work to achieve closer regulatory cooperation through the Transatlantic Trade and Investment Partnership (TTIP).

The George Washington Regulatory Studies Center produced the draft report. It examines how regulatory cooperation has already worked in practice between three U.S. regulatory agencies and their EU counterparts. The agencies all regulate products widely sold internationally, and have each developed strategies for improving cooperation with their European counterparts.

The authors of these case studies are former senior regulatory officials at:

  • the Department of Transportation (DOT),
  • the Food and Drug Administration (FDA), and
  • the Consumer Product Safety Commission (CPSC).

The study also looks at regulatory activity in the U.S. which affects international trade and investment and focuses on the performance of U.S. agencies in providing advance notice of their forthcoming regulations.

The case studies offer models for other agencies interested in closer regulatory cooperation and highlight opportunities to improve regulatory cooperation already underway.

They also show that U.S. and EU agencies have worked together successfully at both bilateral and multilateral levels, despite differences in their regulatory systems.

The report also indicates that successful regulatory cooperation can not only benefit regulated entities and the public, but can also result in cost savings and better regulatory outcomes for agencies themselves.

Read the study