Feb 24 • 16:08 UTC 🇪🇸 Spain El Mundo

The European Commission urges Parliament to approve the trade agreement with the USA by March: 'It is essential'

The European Commission is pressuring the European Parliament to promptly approve a trade agreement with the US, originally signed in August, which has faced delays due to legal rulings in the US.

The European Commission is advocating for the swift approval of a trade agreement with the United States, highlighting its importance for economic ties between the two regions. This push comes after the US Supreme Court's recent ruling that invalidated former President Donald Trump's tariff policy, leading to the European Parliament’s Trade Committee pausing adoption efforts for the agreement. Commissioner for Trade Maros Sefcovic emphasized the necessity of maintaining commitment to the agreement and aims for a vote in the upcoming plenary session in March.

The implications of this timing are significant, as approval in March would help reinforce the transatlantic trade relations at a moment when both Europe and the US are grappling with numerous economic challenges. However, the call for clarity from the US government indicates potential uncertainties that could affect the final outcome of the agreement. The commissioner’s remarks reflect a delicate balance between maintaining momentum on trade talks and adhering to necessary legal and political stipulations that could impact the negotiations.

Overall, the pressure from the European Commission highlights the strategic importance of the agreement amid evolving global economic dynamics. The outcome of this situation will likely influence future trade policies and relationships not just between the US and Europe but also in the broader international arena, as both regions seek to present a united front on economic matters.

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