|Image Courtesy of the People's Cube.|
“…Unnecessary differences in countries' regulatory requirements can cost money, compromising economic growth and job creation. Think of divergent requirements for car headlights, or the labeling of food, or standards for container sizes.
Recognizing this, President Obama's Jobs Council has called for U.S. agencies to better align U.S. regulations with those of our major trading partners. And today the president is issuing an executive order, ‘Promoting International Regulatory Cooperation,’ with a simple goal: to promote exports, growth, and job creation by eliminating unnecessary regulatory differences across nations.
The order makes clear that we will not undermine American laws or compromise our national prerogatives. But it emphasizes that international cooperation and harmonization can increase trade and job creation, eliminating pointless burdens without creating a regulatory race to the bottom. From now on, an interagency working group chaired by the White House Office of Information and Regulatory Affairs will be a forum for reducing this red tape…”