Euromap and SPI sign free trade declaration

EUROPEAN PLASTICS NEWS

Published: June 23, 2014 9:08 am ET
Updated: June 23, 2014 9:11 am ET

Image By: Euromap SPI CEO Bill Carteaux and Euromap's Thorsten Kühmann at the signing of a declaration of intent on free trade between the United States and European Union.

Related to this story

Topics Public Policy, Europe, United States
Companies & Associations Society of the Plastics Industry Inc.

Two leading plastics associations, Euromap and U.S.-based Society of the Plastics Industry Inc., are presenting a united front amid free trade negotiations between the European Union and the U.S., which they hope will benefit the plastics machinery industry.

Against a backdrop of ongoing talks regarding EU-U.S. Transatlantic Trade and Investment Partnerships (TTIP), the two groups have signed a declaration of intent on free trade within the industry which could strengthen their competitive position in the global marketplace and help to safeguard the industry’s 65,000 jobs.

The European and American plastics machinery markets account for 50 percent of the global market with sales totaling 15 billion euros ($20.3 billion) according to a joint statement by Euromap and SPI.

"The TTIP is a milestone in terms of cooperation in our sector, and this should have a very positive impact on our business relationships,” said SPI CEO Bill Carteaux.

Tens of thousands of jobs could be created in Europe and the U.S. across the whole machinery-manufacturing sector, according to Euromap and SPI, which are seeking the complete dismantling of tariffs to provide a boost for export sales of machinery.

“TTIP presents an opportunity not a risk,” said Thorsten Kühmann, secretary general of Euromap, countering objections that have been raised regarding TTIP.

The groups urged politicians on both sides of the Atlantic to do more to promote TTIP among the population.

They are aiming to harmonize safety standards in plastics machinery produced in the EU and the U.S., and have already set up international (ISO) working groups. “This will improve operating safety and simplify deliveries of machinery, which, in turn, will save time and effort and boost competitiveness,” they said.

Euromap and SPI are highlighting the need for political representatives in the EU and the U.S. to give greater consideration in their talks to the interests of the machinery manufacturing industry, which is largely made up of medium-sized enterprises.

“To date the requirements of these companies have been largely ignored, although at 13 percent of total EU exports to the U.S., machinery manufacturers account for a greater share than the motor industry,” the groups said.

In March, EuPC, the European group of plastics converters, issued a statement expressing its support for TTIP and saying it wanted removal of tariffs for both the US and EU for plastics raw materials.


Comments

Euromap and SPI sign free trade declaration

EUROPEAN PLASTICS NEWS

Published: June 23, 2014 9:08 am ET
Updated: June 23, 2014 9:11 am ET

Post Your Comments


Back to story


More stories

Image

FTC warns bag makers to take care before making biodegradeability claims

October 23, 2014 12:30 pm ET

Makers of oxodegradable or oxo-biodegradable plastic bags should consider themselves on notice, according to the U.S. Federal Trade Commission.    More

Image

Toyoda Gosei's growth strategy places a big focus on North America

October 23, 2014 1:21 pm ET

Sometimes, knowing your weaknesses is just as important as knowing your strengths. And if 2014 is any indication, automotive supplier Toyoda Gosei Co....    More

Image

Total picks new management following CEO's death in crash

October 23, 2014 11:03 am ET

Total SA has picked a new management team to oversee the company in the wake of a plane crash in Moscow that killed its chairman and CEO earlier this ...    More

Image

Sales, orders climbing for Wittmann Battenfeld

October 22, 2014 4:04 pm ET

Equipment maker Wittmann Battenfeld GmbH expects sales this year to increase 7 percent, to 295 million euros, as it said some key markets, including...    More

Image

Bergen International adds manufacturing space, extrusion line

October 22, 2014 3:42 pm ET

Chemical foaming agent manufacturer Bergen International LLC recently doubled its manufacturing capacity, added an extrusion line and laboratory space...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events