Business, Innovation and Skills written question – answered at on 3 March 2014.
To ask the Secretary of State for Business, Innovation and Skills whether the Regulatory Co-operation Council provided for in the Transatlantic Trade and Investment Partnership will have a right to override national and EU-level legislation.
Over half of the projected economic benefits of the Transatlantic Trade and Investment Partnership (TTIP) come from more closely aligning the regulatory frameworks of the EU and the US to reduce business compliance costs. The negotiations between the EU and the US on this issue are at an early stage, but have already covered particular sectors, as well as horizontal disciplines to apply to all sectors. The Commission's initial proposals have included a Regulatory Co-operation Council to co-ordinate all of the regulatory activity, and at this stage are not proposing that this body should have a right to override national and EU-level legislation.
Yes0 people think so
No0 people think not
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