Froman Emphasizes Need to Address Nontariff Trade Barriers in T-TIP

In an Oct. 14 speech delivered in Rome, U.S. Trade Representative Michael Froman emphasized the need for renewed momentum in the Transatlantic Trade and Investment Partnership (T-TIP) negotiations, especially with regard to regulatory issues, stating:

“We have covered a lot of difficult terrain in 2014, but 2015 is a critical year for this negotiation, and in order to make it productive, we need to make progress soon on all fronts. Some of the most important outstanding issues are regulatory aspects, which are perhaps the most difficult but promise the most value. At the end of the day, the gains from removing tariffs would be undercut if we allow unnecessary nontariff barriers to go unaddressed.”

Froman’s full remarks are available online.

Dates for the next round of T-TIP negotiations have not yet been set, but U.S. officials are hopeful that the pace of the negotiations will accelerate in 2015, once the new European Commission leadership is in place.