TTIP Stumbles Over U.S. - EU Differences On Regulatory Changes, Tariffs

摘要

The European Union and the United States have hit an impasse in their effort to advance regulatory cooperation talks and open substantive market access negotiations within the Transatlantic Trade and Investment Partnership (TTIP), with the U.S. approaching both areas in ways that Brussels considers unacceptable, according to informed sources. The U.S. has stymied European Commission efforts to move the focus of the TTIP regulatory cooperation talks onto sector - specific barriers by insisting that the EU first address its proposal for "horizontal" regulatory disciplines. And the commission has rejected as a non - starter the U.S. tariff offer submitted earlier this month, citing its significantly lower level of ambition compared to the offer that the EU put forward.