Where possible, the original panel will be reconvened and will complete its review within 90 days. Second, should the measures adopted by the EU fail to comply with the panel's recommendations, the US can retaliate appropriately. Mr. Chairman, the TEP is a valuable process, which GMA strongly endorses. First, it provides a forum for removing regulatory impediments in areas of highest interest to industry. Of course, the U.S. will be an ineffective negotiator without fast track negotiating authority.
Fast track is the key that starts the engine.
Without it, the United States will be virtually stalled when negotiations begin next year. Mr. Chairman, I appreciate the opportunity to appear before you in this capacity and will be happy to answer any questions that you or your colleagues may have.