Italy Pushes for Lower Safeguard Threshold in EU-Mercosur Trade Deal
Italy's agriculture minister, Francesco Lollobrigida, has called for reducing the safeguard threshold in the EU-Mercosur trade agreement from 8% to 5%. This move could be pivotal in the upcoming EU vote on the treaty.
Italy's agriculture minister, Francesco Lollobrigida francesco lollobrigida, has publicly advocated for a reduction in the safeguard threshold within the planned EU-Mercosur trade agreement, aiming to lower it from 8% to 5%. This threshold is crucial as it determines when the agreement would automatically be suspended if imports from Latin America exceed the limit or if European agricultural prices fall by the same percentage. Lollobrigida's statement, made in an interview with the financial daily Il Sole 24 Ore on Thursday, highlights Italy's proactive stance ahead of a significant EU member-state vote on the treaty.
