Orgalime priorities for the upcoming EU-US trade and economic negotiations
Published: 5 October 2012
Policies & Issues: Trade
The European engineering industries are export oriented and in total run a healthy trade surplus with other world economies. Despite the current difficult economic setting – the transatlantic trade and investment relationship continues to account for the largest economic relationship in the world, and the EU and the US economies account together for about half of the entire world GDP and for nearly a third of world trade flows.
Transatlantic relationship has an unexploited potential and Orgalime strongly supports increased cooperation between the EU and the US.
For EU companies in our industry, one key barrier on the US market is the malfunctioning of the US certification market.
We therefore urge the European Commission to find a solution to this core challenge which has preoccupied our companies since many years.