On 8 November 2007, the US Office of Management and Budget (OMB) and the European Commission issued for public comment a joint draft report by the OMB's Office of Information and Regulatory Affairs (OIRA) and the European Commission's Secretariat-General on their respective regulatory impact assessment guidelines in relation to impacts on trade and investment. The goal of this is to ensure that assessments of future regulations take due account of their impact on international trade and investment.

Comments on this draft report are welcomed (closing date for submission: 29.02.2008) and will be taken into account when the European Commission and its US counterparts in OMB will finalise the report.