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American and European Business Groups Cooperate to Lobby for Uniform Rules

The Hill:
The U.S. Chamber of Commerce and its European counterpart have joined in a formal alliance to lobby a new U.S.-European Union entity tasked with harmonizing trans-Atlantic business regulations. The organizations of large U.S. and European companies devised the alliance, known as the Global Regulatory Cooperation Project, as a means of unifying their efforts to promote business-friendly policies in fields such as intellectual property, antitrust enforcement, investment rules and regulatory standards.
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Harmonization of regulation is generally for the good. But, it will be interesting to follow the progress of the steering committee and their representative organizations on the issues of intellectual property rights and antitrust enforcement; two areas where there appear to be substantial differences rooted in law between the EU and the US. I see that Microsoft and Pfizer have seats on the committee. I wonder if Intel also has a representative.

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