US, Mexico and Canada Move to Harmonize Regulations
Posted 05 April 2012 | By
US President Barack Obama, Canadian Prime Minister Stephen Harper and Mexican President Felipe Calderón announced at a press conference that the three contiguous countries are working together to harmonize regulatory approaches to facilitate cross-border trade.
Speaking at the 2 April 2012 press conference, Obama announced the three nations were "launching a new effort to get rid of outdated regulations that stifle job creation."
"Here in the United States, our efforts to cut red tape and ensure smart regulations will help achieve savings and benefits to businesses, consumers, and our country of more than $100 billion," continued Obama. "So now our three nations are going to sit down together, go through the books and simplify and eliminate more regulations that will make our joint economies stronger."
"We've advanced on the deregulation in our countries [and] have progressed as well in harmonization of certain standards that facilitate trade," added Calderón.
While healthcare products were not specifically mentioned, Harper mentioned issues related to the drug trade as being of particular concern to cross-border commerce, as well as a general "securing [of] global supply chains."
"On the question of security, look, the security problems are -- the security challenge, particularly around the drug trade, is a serious regional problem throughout our hemisphere that has real impacts -- not the kind of governance and security impacts we see maybe in Central America and the Caribbean and elsewhere -- but has real, serious impacts on the health and safety of communities in our country as well," remarked Harper. "And as these criminal networks are transnational, it's important that our attempts to fight them be equally transnational. And that's why we work together on these initiatives."
Calderón, too, brought up nanomaterials, which are increasingly being used in healthcare products, as one source of agreement in regulatory harmonization.
Read more:White House - Joint Press Conference by President Obama, President Calderon of Mexico, and Prime Minister Harper of Canada