German industry group calls for EU-U.S. regulatory deal on capital goods

A mechanical engineering association representing thousands of companies in Germany and Europe is pressing the U.S. and the European Union to negotiate a deal to cut red tape involving procedures required to certify machinery and industrial equipment for export into the two markets. VDMA, the Machinery and Equipment Manufacturers Association, outlined a proposal to expand mutual recognition of their respective conformity assessment bodies in March 27 letters to U.S. Trade Representative Katherine Tai, Commerce Secretary Gina Raimondo, European Commission Executive...