WASHINGTON D.C.— Sean Heather, vice president of the U.S. Chamber's Center for Global Regulatory Cooperation, issued the following statement welcoming today’s announcement by the Obama Administration of a new executive order on international regulatory cooperation:
“Today’s executive order marks a paradigm shift for U.S. regulators by directing them to take the international implications of their work into account in a consistent and comprehensive way.
“Fulfilling primary regulatory objectives such as health and safety is more complicated than ever due to the interconnected nature of the global economy. The result is that international cooperation is clearly in the interest of regulators and is now assuming a central role in framing good domestic regulatory policy.
“This landmark executive order recognizes that good regulatory policy supports good trade policy. Dialogue between U.S. regulators and their foreign counterparts can avert unnecessary divergences in regulation that become 'behind the border' barriers to commerce and hinder the ability of U.S. companies to reach the 95% of the world’s consumers that live beyond our borders.
“Some U.S. regulators have been moving in this direction in recent years, but not systematically and not always in a well coordinated fashion that supports our international economic policy objectives. This executive order provides a much needed political emphasis and sharpens the administration's focus on international regulatory cooperation in APEC, the Trans-Pacific Partnership, and in bilateral regulatory dialogues with key trading partners such as Canada, Mexico, and the European Union.
“Over the past four decades, almost every president has made important contributions to the body of administrative law that directs regulatory promulgation, but until today all of those contributions were domestic in nature. This executive order is the international riposte. We look forward to working with the Office of Information and Regulatory Affairs on further guidance in support of today’s executive order.”
The Center for Global Regulatory Cooperation seeks to align trade, regulatory, and competition policy in support of open and competitive markets.
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.