United States Chamber of Commerce and BUSINESSEUROPE Joint Statement on Customs in TTIP

Monday, October 26, 2015 - 10:00am

The U.S. Chamber of Commerce and BUSINESSEUROPE, representing the interests of millions of businesses and organizations of all sizes, sectors and regions in both the United States and the European Union, submitted these recommendations in advance of the 11th negotiating round of the Transatlantic Trade and Investment Partnership (TTIP), in order to reinforce our joint priorities for commercially meaningful customs and trade facilitation language. The United States and the European Union are the world’s largest economies, each producing $17.4 (US) and $18.5 (EU) trillion in goods and services a year.1 We are also each other’s largest trading partner, with more than $1.1 trillion in goods and services flowing across the North Atlantic annually.