The European Parliament and the Council have come to an agreement regarding the anti-coercion instrument. This instrument is meant to prevent third countries from using economic coercion to harm the EU or its member states through trade or investment measures. The Council will play an important role in determining what is considered economic coercion, while the European Commission will have the power to make decisions on how the EU responds to such measures. The instrument includes measures like trade restrictions, but the EU will try to resolve any issues through dialogue before resorting to countermeasures.