"The economies oftheEuropean Union and the United States are very important trading partnersfor each other.Although average tarifflevels are relatively lowalready, various non-tariff barriers or NTBs (often in the form of domestic regulations) on both sides of the Atlantic constitute important impediments to deepening transatlantic trade and investment linkages. Thisstudy examinesthe impact of the reduction ofsuch barriers." (Quoted from paper)