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, United States, Europe
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

West Coast ports dispute impacts machinery imports

February 27, 2015 5:00 pm ET

Asian machinery companies got caught in the West Coast ports labor dispute — causing some headaches to get equipment ready for NPE 2015.    More

Image

Recycling trade group growing in size, resources

February 27, 2015 4:50 pm ET

DALLAS — The executive director of the Association of Postconsumer Plastic Recyclers is partial to calling his group the little engine that...    More

Image

Wittmann, Illig among machinery firms boosting investments in India

February 27, 2015 1:34 pm ET

GANDHINAGAR, INDIA — Expected growth in the Indian plastics market is leading several global machinery firms to make investments there,...    More

Image

NFM Welding Engineers opens direct office in China

February 26, 2015 2:05 pm ET

MASSILLON, OHIO — Extrusion equipment manufacturer NFM Welding Engineers Inc. has opened a sales office in Dalian, China.    More

Image

UK composites firm taking a global approach

February 26, 2015 11:46 am ET

MCL Group Industries Ltd., the Staffordshire, England-based composites manufacturer, has announced plans to export worldwide for the first time.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

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 billion 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

Upcoming Plastics News Events

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

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

More Events