WASHINGTON – Today, Ambassador Jamieson Greer announced that the United States, the European Commission, and Japan intend to develop Action Plans for critical minerals supply chain resilience. Under these Action Plans, the United States, the European Commission, and Japan will develop coordinated trade policies and mechanisms, such as border-adjusted price floors, that can mitigate critical mineral supply chain vulnerabilities.
“Today’s announcement is an important signal that the world’s largest market-oriented economies are committed to developing a new paradigm for preferential trade in critical minerals,” said Ambassador Greer. “Through the development of these Action Plans, we will lay the groundwork for a binding plurilateral agreement on trade in critical minerals with like-minded partners. I look forward to close engagement with EU Trade Commissioner Maroš Šefčovič and Japanese counterparts to standing up these Action Plans quickly.”
Read the U.S.-European Commission-Japan Joint Press Statement here.
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