USTR presented President Biden’s trade policy priorities and provided updates on Washington’s activities under the EU–US Trade and Technology Council and the Indo-Pacific Economic Framework for Prosperity. The EFTA States likewise set out their trade policy agenda, including on negotiations for free trade agreements and horizontal projects on trade and sustainable development and preference utilisation.
Discussions further extended to trade relations with the Asia-Pacific region and Africa. Delegations also highlighted their priorities in the context of the World Trade Organization (WTO) after the most recent WTO Ministerial Conference, with a special emphasis on multilateral reform efforts.
The Dialogue additionally provided EFTA and the US with the opportunity to exchange views on how to ensure collaborative approaches on the green transition, including in relation to the U.S. Inflation Reduction Act. In addition, the three EEA EFTA States reiterated a long-standing request for an updated mutual recognition agreement (MRA) for good manufacturing practices for pharmaceuticals in line with the EU–US MRA in the same domain.
The EFTA–US Trade Policy Dialogue is held on a regular basis since 2013 and serves as a forum for exchanging views and experiences, as well as raising bilateral trade issues.
The United States are the second largest merchandise export destination for the EFTA countries with total exports worth USD 56 billion in 2021, of which more than half were pharmaceutical products. It is also the third largest country of origin for imports, with EFTA imports of goods from the US amounting to USD 20 billion last year.
Read more about merchandise trade between EFTA and the US here.
- Today, the first Joint Committee Meeting in 2023 took place. In the meeting, 🇮🇸🇱🇮🇳🇴&🇪🇺 adopted 28 decisions incorp… https://t.co/IuJEJXnFNK — 3 days 10 hours ago
- 📢 Applications are NOW OPEN for the Junior Professional Programme 2023-2024 !📢 We are looking for 6 young graduate… https://t.co/MrIdhpNJc9 — 5 days 9 hours ago
- 💡Did you know that before EU law can become EEA law, 🇮🇸🇱🇮🇳🇴 meet among themselves prior to meeting with the EU? T… https://t.co/Dq8hGuyjrR — 1 week 12 hours ago