The European Parliament has postponed its vote on the trade agreement with the United States, which includes the removal of tariffs on American industrial goods and lobster. The plenary vote is now expected to take place in March.
Disagreements among members prevented the parliament from reaching a consensus during the recent session. Negotiations are ongoing to resolve outstanding issues before the agreement can move forward.
**Why this matters**
The trade pact aims to reduce tariffs and strengthen economic ties between the EU and the US. Delays in approval could impact businesses relying on tariff-free access and affect transatlantic trade relations.
Source: NewsData