The European Council and the European Parliament have reached a provisional political agreement on the anti-coercion instrument to protect EU member states from economic and commercial coercion by third countries.
Among the measures that could be applied to the third country as a response to economic and commercial coercion are the imposition of trade restrictions, for example, in the form of increased customs duties, import or export licenses, or restrictions in the field of services or public procurement.
The European Commission proposed this legislation in December 2021 at the request of the Council and the European Parliament, as SteelOrbis previously reported.