Sunday, February 18, 2007
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A post in which I agree with the European Commission
Tobias Buck reports in the Financial Times that the European Commission has decided it wants the rest of the world to look more like Brusels:
Brussels wants the rest of the world to adopt the European Union’s regulations, the European Commission will say this week.The EU deciding to throw around its market weight? This sounds very, very familiar. posted by Dan on 02.18.07 at 11:37 PM
The paper calls on the EU to encourage other jurisdictions to follow suit – for example by “promoting European standards internationally through international organisation and bilateral agreements”.
This strategy, it claims, will help European businesses beat their rivals abroad since it “works to the advantage of those already geared up to meet these standards”.
Trade partners adopt regulatory standards because it benefits them by simplifying or expediting access to markets.
If a regulation does not benefit a trade partner, why would the trade partner adopt it?posted by: rosignol on 02.18.07 at 11:37 PM [permalink]
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