CCI fears for future of EU/US trade
The President of the Chambers of Commerce of Ireland (CCI) has today expressed concern at the future of EU/ US transatlantic trade.
Mark Staunton said the US and the EU must reach a mutually-beneficial consensus as to how to remove the barriers to transatlantic trade and investment.
Mr Staunton made his remarks at an international chamber event in Dublin at which Eurochambres (the Association of European Chambers of Commerce and Industry) and the US Chamber of Commerce announced the results of a survey of companies on both sides of the Atlantic on obstacles to transatlantic trade and investment.
“Aside from regulatory barriers, most companies experienced increased difficulties in doing transatlantic trade post September 11 in terms of additional regulations, checks and bureaucracy," said Mr Staunton.
40% of EU respondents said the security measures now in place in the US are excessive.
The majority of companies that participated in the survey said they saw potential for transatlantic trade to increase.
From an Irish perspective, the key concerns included the treatment of investment from a taxation and regulatory point of view and the proposed EU/ US Open Aviation agreement.
