On Tuesday 19 January 2021, the European Parliament approved the legislative resolution broadening the European Union’s capacity to act in international trade disputes and ensure an effective dispute resolution procedure.

The agreement covers a wide range of fields, also expanding the scope of the regulation to certain trade-related aspects of intellectual property rights. The revised regulation enables the EU to react even if the World Trade Organisation (WTO) has not delivered a final ruling in case a third party blocks the dispute procedure.

Commission Executive Vice President and Commissioner for Trade, Valdis Dombrovskis, said: "This agreement sends a strong political signal that the European  Union will take action to defend and protect our companies, workers and consumers whenever our partners do not play by the rules."