The goal of the workshop was to examine the impact of EU regulations on US firms and on US legislation. An emerging literature emphasizes the role of the European Union as a regulatory power. The fiscal powers of the European Union are rather small and are not expected to increase. They are probably more likely to decrease as can be seen from the 2005 budget crisis.
However, researchers are realizing more and more that the regulatory powers of the European Union are quite strong and have an influence not only on Member States but also outside Europe. These regulatory powers have grown very much due to the intense legislative activity of the last 15 years at the level of the European Union. This legislative activity has developed with the Single Market Program aiming at harmonizing a great deal of EU legislation in order to remove non tariff barriers within the European Union. This has given de facto important regulatory powers to the EU which influence not only markets inside Europe but also outside Europe . This became clear with the indictment of Microsoft by the European Commission following an unsuccessful anti-trust case against the software company in the US. The workshop also discussed the EU's regulatory powers under current discussion with the REACH regulation which aims at regulating chemical products, and the possibility of adapting the REACH regulation to California, which has generated interest among federal and state legislators in the US. The conference that was held on the UC Berkeley campus in the Harris Room (119 Moses Hall) from 9:30 a.m. until 2 p.m., was sponsored by CIG and the Institute of European Studies (Title VI Grant). For the conference program, please click here.