Safeguard Mechanisms for EU Trade Agreements

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.
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