With the advent of the Lisbon Treaty, the rules of the game shaping Europe’s Common Agricultural Policy (CAP) have been significantly changed. Under the Lisbon Treaty, the European Parliament now has co-decisional power side-by-side with the Council of Ministers. This constitutes, on paper at least, a radical transformation. What does the parliamentarization of European Union (EU) politics bode for the liberalization of the CAP and the larger issue of the role of the EU in global trade talks? This chapter explores what might happen when parliamentary politics meets global regulation. Indeed, traditionally, international pressure mediated by the global trade negotiations, has been perceived as the main factor of agricultural reform, securing the CAP on a more liberal course.