Trade discussions between the U.S. and EU could lead to the removal of tariffs for about $64 billion worth of chemicals traded yearly between the two regions, according to the European Chemical Industry Council, or Cefic. In addition to the tariff deal, "promoting regulatory cooperation through better alignment of regulatory processes or eventually the sharing of information and data would trigger job creation on both sides of the Atlantic, while maintaining high levels of human health and environmental protection standards," Cefic said.

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