Trade Compliance

GHY discusses changes to international trade regulations and explores cutting-edge compliance strategies.

Free Trade Needs Balance

Posted January 23, 2014

The transatlantic trade agreement TTIP, negotiated between the EU and US, could become the nucleus of an agreement on global standards for food safety, environmental protection, data protection and workers’ rights. 

Aart de Geus is the Chairman and CEO of the Bertelsmann Stiftung, and former deputy secretary-general of the OECD and minister of social affairs and employment in the Netherlands.

“The successful completion of world trade talks on Bali last December is already considered historic. One hundred fifty-nine agreed to simplify world trade by having fewer customs regulations and more uniform trade rules. Does that make a Transatlantic Free Trade Agreement, like the one the European countries and the USA are currently negotiating, superfluous? Hardly. Because a new agreement between the EU and USA could clear the way for the next major step: a thorough-going liberalization of world trade. More than just overcoming traditional trade barriers, it can become the nucleus of an agreement on global standards for food safety, environmental protection, data protection and workers’ rights.”

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Source: Aart de Geus | Euractive | Video: Andras Baneth