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Volume 17, Issue 144
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Wednesday, July 21, 2010
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Ways and Means Committee to Hold July 27 Hearing on U.S.-EU Trade Relationship
The House Ways and Means Committee will hold a hearing July 27 on ways to enhance the U.S.-EU trade relationship. The hearing will focus on (1) potential issues presented by differences in approaches to regulatory standards on both a bilateral and multilateral basis; (2) ways to advance the World Trade Organizations’ Doha Round of international trade negotiations; (3) opportunities for greater engagement between Congress and the European Parliament, particularly given the Parliament’s heightened role in European trade policy-making; and (4) ways to take advantage of existing structures, including the Transatlantic Economic Council, the WTO and Article 2 of NATO, to promote economic collaboration. A committee press release indicates that, while the U.S. and the EU have a vital and longstanding relationship, the central challenge facing bilateral relations is finding a way to maximize and in some respects reinvigorate the relationship so as to advance common bilateral and global interests.
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