EPP Abandons Push for EU-Mercosur Safeguard Clauses
The centre-right European People's Party (EPP) withdrew its attempt to quickly push through safeguard provisions in the EU-Mercosur trade deal during the recent plenary session.
Context of the Decision
The EPP had initially tried to fast-track inclusion of safeguard measures meant to protect EU interests in the agreement with Mercosur countries. However, this effort was met with significant resistance, leading the party to halt its maneuver.
Implications
The collapse of this bid reflects the complexities and differing opinions within the European Parliament regarding the ratification and implementation of the EU-Mercosur trade agreement.
"The EPP on Tuesday beat a hasty retreat from its own gamble to ram through safeguard clauses of the EU-Mercosur deal."
The EPP's abandonment of the fast-track approach reveals underlying tensions and diverse concerns about securing protections in the EU-Mercosur partnership.
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