Summary
This regulation creates a standard way for the EU to temporarily suspend trade preferences if import surges threaten domestic industries, with special protections for outermost regions and SMEs. 10 22.02.2019
Other
trade
economy
european union
international relations
business and competition
Key points
- Establishment of a horizontal regulatory framework to be applied across various EU free trade agreements.
- Special attention and protection for the economic stability of the Union's outermost regions.
- Mandatory monitoring of import statistics and the observance of social and environmental standards by third countries.
- Strict time limits for concluding investigations to ensure efficiency and predictability.
Documents (PDFs)
REPORT on the proposal for a regulation of the European Parliament and of the Council implementing the safeguard clauses and other mechanisms allowing for the temporary withdrawal of preferences in certain agreements concluded between the European Union and certain third countries
Temporary withdrawal of preferences in certain agreements concluded between the EU and certain third countries ***I
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