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Regulatory Reform on Both Sides of the Atlantic

Regulatory Reform on Both Sides of the Atlantic

by Rick Turoczy on August 14, 2006

Global trade is increasingly connecting the world, bringing consumers lower prices and a wider selection of goods, and creating jobs. But when government regulations vary enormously from one nation to the next, they become roadblocks to the smooth flow of international commerce, and hurt both consumers and workers.

Lessening the differences in regulations between the United States and the European Union can benefit both the American and European economies. Both sides should be receptive to the concepts and practices employed by the other, and the two continents should recognize that redundant testing and certification processes are squandering resources on both sides of the Atlantic.

Regulatory Reform on Both Sides of the Atlantic

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