The statement addresses the potential trade conflict between the EU and the US, emphasising the importance of cooperation over fragmentation. Cefic supports the EU’s efforts to uphold mutually agreed rules and prevent escalation through diplomatic means. The paper highlights the significance of the transatlantic relationship for the chemical industry, advocating for stable frameworks and further liberalisation. Cefic calls for successful dialogue, exploring sectoral agreements, and enhancing regulatory cooperation to reduce non-tariff barriers and foster a “Transatlantic Single Market.”
Key Takeaways:
- Cooperation and diplomatic efforts are crucial to prevent trade conflicts and protect the transatlantic relationship.
- Exploring sectoral agreements and enhancing regulatory cooperation can reduce non-tariff barriers and benefit the chemical industry.
- Cefic supports the EU in defending mutually agreed rules and European interests against hostile practices.