Summary
In this position paper the American Chemistry Council (ACC) and 爱游戏中国官方网站 call for industry to have a seat at the table of the U.S.-EU Trade and Technology Council (TTC) to enhance transatlantic trade and tackle global challenges, including climate change and supply chain resiliency. The transatlantic chemical industry underscores the importance of innovative chemical solutions in reducing carbon emissions and promoting a circular economy. They advocate for an industry-inclusive approach to developing regulatory standards, enhancing supply chain resilience, and fostering collaboration on environmental sustainability and technological innovation.
Key recommendations:
- Supply Chain Resiliency: Emphasis on removing barriers to trade and fostering joint actions to ensure the steady supply of critical minerals for chemical manufacturing, essential for industries like semiconductors and renewable energy.
- Technology Standards and Climate Initiatives: Promotion of cohesive policies on recycling and waste management, highlighting the significant role of chemical innovations in achieving environmental and climate goals.
- Global Trade Challenges: Advocacy for consistent regulatory frameworks, risk assessments, and data sharing to prevent unnecessary trade barriers and support the global competitiveness of the chemical industry.