Cyprus presents revised Negotiating Box for the MFF

29.10.2012 – The Cyprus Presidency has presented its new revised Negotiating Box for the Multiannual Financial Framework (MFF) for the period 2014-2020.

Photo credit: Council of the European Union

This comes ahead of the meeting that will be held on 22 – 23rd November dedicated to the Multiannual Financial Framework (MFF) for 2014-2020. The next MFF will define the budgetary priorities of the EU until 2020. The negotiations are expected to be concluded by the end of 2012. This would allow the new MFF to enter into force in 2014, following adoption of the relevant legislation.

The negotiating box will act as the basis of further negotiations, in light of the special European Council meeting in November during which, Heads of States and Government will aim to reach a final agreement. This will have strong implications for the CAP budget for the next 7 years. The revised Negotiating Box presents savings across all Headings of the MFF amounting to at least €50 + (plus) billion. This is the first stage in the negotiations that figures are introduced.  Find the full press release here.

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