

The European Council is the top political body of the European Union, framing the grouping’s political goals. The European Commission acts as the EU’s executive body and proposes new laws. The European Parliament votes and passes these new laws.

It added that the proposal to sign and conclude the FTA text is in line with the fast-track procedure laid out by EU Commissioner for Trade and Economic Security Maroš Šefčovič earlier this year.
“The procedure aims at speeding up the implementation of FTAs, which is crucial at a time of geopolitical uncertainty and growing pressure on the global trading system,” the statement said. Leaders on both sides have repeatedly expressed their confidence that the FTA will come into force in early 2027.

