When the European Union and the United States agreed on the Framework for Advancing Transatlantic Economic Integration at the EU-US Summit on 30 April 2007, creating the Transatlantic Economic Council (TEC), they praised themselves for opening a new era in transatlantic regulatory cooperation....

Cooperation measures conducive to increased integration between developing countries are considered to be necessary from the point of view of development theory as well as beneficial. Such measures are also in general welcomed, and on occasion even supported, by the governments of the...