New information about the agreement with Mercosur. There is agreement on an important issue
On Tuesday, the European Parliament adopted the protection clause. The Chamber resolved that the procedure intended to protect domestic agricultural producers, which may lead to the closure of one market or the entire EU to imports from Mercosur, will be launched when the prices of sensitive products in the EU drop by 5%. — and not by 10%, as originally proposed by the European Commission.
The article continues below the video
What is the new arrangement regarding the safeguard clause in the Mercosur agreement?
When is the key vote on the Mercosur deal scheduled?
Which countries are against the Mercosur agreement?
How much does the percentage have to drop to trigger the protection clause?
Meanwhile, on Wednesday, during negotiations over the final shape of the clause, the European Parliament reached a compromise with the Danish Presidency representing the member states and the final the threshold was set at 8%.
There's a key vote on Friday
The agreement between EU lawmakers was reached quickly in connection with the planned participation of European Commission President Ursula von der Leyen in the summit of Mercosur leaders on Saturday in Brazil, where the agreement is to be signed.
However, for this to happen, EU member states must give final consent. France and Poland are against it, but in order to block the approval of the agreement, two more countries, including one large one, must join them. Italy's position may be crucial.
The final vote of the capitals on the agreement with Mercosur may take place on Friday, a day after the start of the EU summit in Brussels.
