Today, the Commission welcomed the political agreement between the European Parliament and EU Member States in the Council on the Recovery Assistance for Cohesion and the Territories of Europe package (REACT-EU). This is the first cohesion policy file whose trilogue negotiations are concluded pending the final approval of the legal texts by the European Parliament Plenary and the Council. Commissioner for Cohesion and Reforms, Elisa Ferreira, said: “I welcome today's political agreement on REACT-EU. Cohesion policy has from the very beginning been at the heart of fighting the pandemic thanks to the Coronavirus Response Investment Initiatives. This new initiative is a further step in supporting Member States' recovery, providing additional funding for bridging the gap between the first emergency crisis response and the long-term recovery of the economy supported by the 2021-2027 programming period. We are working hard to ensure a fair and cohesive recovery.”