On Tuesday, 27 January, MEPs in the European Parliament’s Committee on International Trade (INTA) approved by a show of hands the interinstitutional agreement reached with the Council of the EU on 17 December concerning the safeguard clause in the EU–Mercosur agreement (see EUROPE B13789A14).
The regulation governing this clause provides for a safeguard investigation to be activated as soon as a 5% increase in imports combined with a 5% drop in prices is observed.
Last December,...