Here’s what reciprocal recognition of U.S., EU vehicle regulations could mean

By Breana Noble, MediaNews Group

If the United States and European Union agree to recognize each other’s vehicle regulations, it could increase access to low-cost vehicles, reduce automaker expenses and potentially ease obstacles for Chinese brands looking to enter the U.S. market, experts said.

A joint statement recently issued by the White House and the EU outlined a framework for a trade agreement aimed at reducing tariff and non-import tax barriers. That included mention of accepting each other’s regulations and collaborating on requirements.

“With respect to automobiles, the United States and the European Union intend to accept and provide mutual recognition to each other’s standards,” the statement said. ”Cooperation on standards plays a crucial role in enhancing the transatlantic