Volume 45 (2008) / Issue 6
Although EU–US trade constitutes the largest economic relationship in the world, the level of formal bilateral regulation remains strikingly low. It is true that cooperation has worked a considerable degree of regulatory convergence. On the other hand, different legal perceptions, conflicting regulatory philosophies and a plethora of divergent standards for goods and services continue hampering transatlantic trade. There are grounds for basing transatlantic economic integration on a broader basis by bilateral treaties, and one could even contemplate a comprehensive free trade agreement which would also provide stability against the ups and downs of political relations.
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