Free trade agreements: political deal reached on systematic inclusion of safeguard measures
The EU is putting in place an overall framework for ensuring consistency in the inclusion of safeguard measures in free trade agreements.
The Presidency yesterday reached a provisional agreement with European Parliament representatives on a proposal to streamline the inclusion of safeguard measures in trade agreements so that they will be applied effectively and consistently. The agreement will now be submitted for political endorsement by EU ambassadors.
Bilateral safeguard measures linked to trade agreements (allowing for the temporary withdrawal of tariff preferences) are intended to protect a particular domesticindustry from an increase in imports of any product which is causing, or which risks causing, serious injury to that industry.
Margarete Schramböck, Austrian Federal Minister for Digital and Economic Affairs and President of the Council yesterday said:
The EU is delivering on an ambitious trade agenda: we recently signed free trade agreements with Japan and Singapore. But ambition must be matched by prudence. This regulation will enable us to provide more effective and consistent protection of the EU market from any specific threat against our industry.
The EU regularly concludes trade agreements with third countries, most of which include bilateral safeguard clauses or other mechanisms for the temporary withdrawal of tariff preferences or preferential treatment. Up to now, the bilateral safeguard mechanism has been proposed separately in conjunction with each trade agreement.
At this stage, the regulation covers the implementation of the EU-Japan, EU-Singapore and EU-Vietnam free trade agreements. Further trade agreements might be added to the scope of the regulation by means of delegated acts.
The agreement will be submitted to EU ambassadors for endorsement on behalf of the Council, following technical finalisation of the text. Parliament and Council will then be called on to adopt the proposed regulation at first reading.
+32 2 281 21 46
+32 470 88 04 02
+32 2 281 24 63
+32 470 88 23 83
Latest News from
Spring 2021 Economic Forecast: Rolling up sleeves14/05/2021 13:25:00
The Spring 2021 Economic Forecast projects that the EU economy will expand by 4.2% in 2021 and by 4.4% in 2022.
Coronavirus variants: Commission calls for limiting essential travel from India14/05/2021 09:25:00
The Commission calls on EU Member States to take coordinated action to further restrict travel from India on a temporary basis, with a view to limiting the spread of the B.1.617.2 variant first detected in India.
Statement by Executive Vice-President Margrethe Vestager following today's Court judgments on the Amazon and Engie tax State aid cases in Luxembourg13/05/2021 15:25:00
Statement given yesterday by Executive Vice-President Margrethe Vestager following the Court judgments on the Amazon and Engie tax State aid cases in Luxembourg.
Europe's Digital Decade: Commission launches consultation and discussion on EU digital principles13/05/2021 13:25:00
As a follow-up to its Digital Decade Communication of 9 March, the Commission yesterday launched a public consultation on the formulation of a set of principles to promote and uphold EU values in the digital space.
European Green Deal: Commission aims for zero pollution in air, water and soil13/05/2021 12:43:00
The European Commission yesterday adopted the EU Action Plan: “Towards Zero Pollution for Air, Water and Soil” – a key deliverable of the European Green Deal and the main topic of this year's EU Green Week.
Sahel and Central Africa: €210 million in EU humanitarian aid12/05/2021 09:25:00
The EU is reaffirming its solidarity with vulnerable people in countries in the Sahel and Central Africa through a humanitarian budget of €210 million in 2021.
Security and defence: EU to move forward on common security and defence11/05/2021 15:25:00
The Council yesterday approved conclusions affirming its determination to move forward on implementing the EU's security and defence agenda, enabling the EU to take more responsibility for its own security.
Trade of dual-use items: new EU rules adopted11/05/2021 13:25:00
The EU has upgraded its legislation on the export controls applicable to sensitive dual-use goods and technologies such as cyber-surveillance tools.
Conference on the Future of Europe: make your voice heard10/05/2021 15:25:00
Conference on the Future of Europe: make your voice heard.