Regulatory reform will undoubtedly be the most ambitious and complex portion of the ongoing Transatlantic Trade and Investment Partnership (TTIP) negotiations between the European Union and the United States. The European Parliament held a hearing
on the matter, opening the floor for debate between policy experts, academics, and key stakeholders. Each piece of testimony acknowledged that current regulatory divergence, be it technical barriers to trade or regulatory incoherence, is extremely problematic. The participants
also acknowledged that overcoming these differences will be no small feat. As noted by the Chair of the European Parliament Committee on International Trade, Vital Moriera, neither the EU nor the United States have ever negotiated with partners that have such advanced procedures in place. Never before have the procedures that are to be negotiated been so significantly different.