EU Approves New US Trade Rules, Damianos Supports Partnership

1 sourceFirst reported 27 days agoUpdated 27 days ago

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Commerce Minister Michael Damianos praised the transatlantic partnership between the EU and the US.
The EU Council approved legislation to ease trade across the Atlantic, eliminating tariffs on US industrial goods.
Preferences are granted for US seafood and agricultural products until 2029 but can be suspended based on US tariff practices.
The legislation also extends tariff-free access for US lobster products until July 2030.
The approvals received mixed votes from Cyprus MEPs, with some supporting and others opposing the bills.

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Damianos hails ‘transatlantic partnership’ as EU approves new US trade rulesCyprus Mail · 27 days ago

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AI summary: catch up in 20 seconds

Commerce Minister Michael Damianos praised the transatlantic partnership between the EU and the US.
The EU Council approved legislation to ease trade across the Atlantic, eliminating tariffs on US industrial goods.
Preferences are granted for US seafood and agricultural products until 2029 but can be suspended based on US tariff practices.
The legislation also extends tariff-free access for US lobster products until July 2030.
The approvals received mixed votes from Cyprus MEPs, with some supporting and others opposing the bills.

Generated by AI from the 1 sources below · always verify with the originals