Today the George Washington University Regulatory Studies Center released a significant report, “International Regulatory Cooperation: Benefits, Limitations, and Best Practices.” This report builds on earlier work done by the Center and examines opportunities to improve regulatory cooperation between the European Union and the United States. The report is timely because negotiators from the U.S. and the EU this week are continuing their discussions to hammer out the Transatlantic Trade and Investment Partnership (TTIP) agreement.
The study examines the efforts of three federal agencies to foster regulatory cooperation, including a case study on the efforts of the CPSC, which I authored. The case study builds on my experiences over an eight-plus year time span as a CPSC Commissioner, when I saw first-hand the need for collaborative efforts among jurisdictions internationally to address the issue of import safety. The study looks at the potential benefits of and the limits of and barriers to regulatory cooperation. I also have made recommendations for changes that I believe would improve the agency’s ability to work with its foreign counterparts to improve safety. The report identifies ways to reduce unnecessary regulatory divergences (and related wasteful regulatory costs) such as convergence on testing and standards, sharing of data and more active consideration of unnecessary differences when promulgating or reviewing regulations.
The CPSC has a good track record working with its foreign counterparts to enhance consumer safety. However, given the complexity of both consumer products and the global marketplace, consumer safety will demand even greater and more creative work among regulators but that work needs to minimize the unnecessary regulatory burdens that come from an unimaginative approach to regulation.
I would welcome feed-back to the recommendations made in this report. Give me your comments here or at firstname.lastname@example.org.