- Importers of fertilizers, ammonia, and urea will receive a temporary exemption from import tariffs and a CO2 tax, with a general import duty set to expire retroactively from January 1, 2026, to ensure fertilizers remain affordable for farmers.
- The European Commission is engaging with member states for additional commitments to the agricultural sector in exchange for support of the EU-Mercosur trade deal, following concerns from farmers about competition with South American producers.
- Despite previous hesitations, Italy appears ready to endorse the deal, highlighting its potential benefits, with a vote on the agreement scheduled for January 9, 2026, and a possible signing by EU Commission President Ursula von der Leyen in Uruguay thereafter.
Source Taxlive
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