The regulation removes remaining customs duties on US industrial goods and grants preferential access, including tariff rate quotas and reduced tariffs, for selected US seafood and non-sensitive agricultural products, the Council said in a release.
While broadly endorsing the European Commission’s proposal, the Council introduced several safeguards to reinforce economic oversight and protect vulnerable EU sectors.
The mandate instructs the Commission to continuously monitor the economic impact of the liberalisation measures and present a full implementation report to the European Parliament and the Council by December 31, 2028.
A strengthened bilateral safeguard mechanism has also been added, allowing the EU to act if rising imports or market disruptions threaten domestic producers. The Council further clarified rules-of-origin provisions to ensure smoother execution.
With the mandates adopted, the Council is now prepared to begin trilogue negotiations with the European Parliament to conclude the regulation.
ALCHEMPro News Desk (HU)
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