We intend to continue to work together under these initiatives through 2013, 2014, and beyond to reduce and eliminatebarriers to trade and investment, securing our shared competitiveness for the 21st century.
It also commits us to finding ways to eliminate regulatory barriers to cross-border trade and travel, because simpler rules lead to lower costs for business and consumers, and ultimately to more jobs.
The Chancellor and I discussed the need to eliminate regulations and barriers so we can unleash even more trade and investment, including in the area of electric vehicles, where both our countries are leaders and where the possibilities of American-German cooperation are enormous.