TTIP’s Hard Core: Technical barriers to trade and standards. Paper No. 13 in the CEPS-CTR project ‘TTIP in the Balance’ and CEPS Special Report No. 117/August 2015

Michelle Egan and Jacques Pelkmans provide an overview of the TBT chapter in TTIP and the various issues between the US and the EU in this area, which in turn requires extensive expositions of domestic regulation in the US and the EU. TBTs, outside heavily regulated sectors such as chemicals, automobiles or medicines (which have separate chapters in TTIP), can be caused by divergent (voluntary) standards, technical regulations and conformity assessment. Indeed, in all three the US and the EU have long experienced frictions with considerable trading costs. The 1998 Mutual Recognition Agreement about conformity assessment only succeeded in two out of six sectors. The US and European standardisation traditions differ and this paper explains why it is so hard, also economically, to realise convergence. However, the authors reject the unproductive ‘stand-off’ between US and EU negotiators on standardisation and suggest to clarify the enormous economic ‘installed base’ of prominent US standards in the world economy and build a solution from there. As to technical regulation, the prospect of converging regulation (via harmonisation) is often dim, but equivalence (given similar levels of regulatory protection) can be an option.

Benthic foraminiferal abundances at the Cretaceous/Paleogene boundary of ODP Hole 117-1049C at Blake Nose, Northwest Atlantic (Appendix A)

Sediments recovered at lower bathyal ODP Site 1049 on Blake Nose (Northwestern Atlantic) offer an opportunity to study environmental changes at the Cretaceous/Paleogene (K/P) boundary relatively close to the Chicxulub impact structure on the Yucatan peninsula, Mexico. In Hole 1049C, the boundary is located at the base of a 9-cm-thick layer with abundant spherules, considered to be impact ejecta. Uppermost Maastrichtian oozes below, and lowermost Danian pelagic oozes above the spherulebed contain well-preserved bathyal benthic foraminifera. The spherule-bed itself, in contrast, contains a mixture of shallow (neritic) and deeper (bathyal) species, and specimens vary strongly in preservation. This assemblage was probably formed by reworking and down-slope transport triggered by the K/P impact. Across the spherule-bed (i.e., the K/P boundary) only ~7% of benthic foraminiferal species became extinct, similar to the low extinction rates of benthic foraminifera worldwide. Quantitative analysis of benthic foraminiferal assemblages and morphogroups in the >63-µm size fraction indicates a relatively eutrophic, stable environment during the latest Maastrichtian, interrupted by a sudden decrease in the food supply to the benthos at the K/P boundary and a decrease in diversity of the faunas, followed by a stepped recovery during the earliest Danian. The recovery was probably linked to the gradual recovery of surface-dwelling primary producers.