EU REACH Adoption Likely to Trigger WTO Action
Released: December 15, 2006
PRINCETON, N.J., Dec. 15 /PRNewswire/ -- Barely two days ago, Europe's over-regulation-prone lawmaking bodies announced that the European Parliament had finally approved for adoption and implementation the highly controversial 'REACH' chemicals regulatory regime. Since the adoption of REACH is certain to have a severely negative impact on global industry and seriously undermine confidence in the international trading system, do Europe's governing institutions honestly believe that REACH will escape a vigorous challenge at the World Trade Organization?
According to ITSSD CEO Lawrence Kogan, "The REACH regulation is premised on the extra-territorial, non-scientific, Precautionary Principle, which a WTO Panel recently disregarded in the EU Biotech Products dispute. The European Communities (EC) even subsequently agreed to 'accept' the finality of that ruling. Yet, despite this world body's considered opinion, or perhaps, in spite of it, the EC Communities apparently felt confident enough or compelled to brazenly move REACH forward."
SOURCE Institute for Trade, Standards and Sustainable Development
ITSSD, +1-609-951-2222, info@itssd.org http://itssd.org/ Copyright (C) 2006 PR Newswire. All rights reserved
QUOTED IN (LINK):
SOME PLACES YOU MIGHT FIND THIS ARTICLE:
