The European Parliament gave the green light this Tuesday to the safeguard clauses of the trade agreement between the European Union and Mercosur, designed to protect
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EU farmers from sudden influxes of sensitive products, and is ready to negotiate its final design with the EU countries in a key week for this pact. In a vote in the plenary of the European Parliament, MEPs confirmed that they are betting on reducing the margins of import increases or price drops of these sensitive products that would trigger a 10% investigation by Brussels that the European Commission initially proposed (and which European governments accept) to a 5% in the negotiating position of the Eurochamber. This implies that the EU executive would have to investigate when there is an increase in imports of these products by 5% compared to the average of the previous three years or if, on the other hand, the price of imports is at least 5% lower than that of the comparable European product. If it is determined that an increase in imports of products such as beef, chicken, dairy products, sugar, or ethanol has caused "significant damage" to European producers, the EU can ...
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