{"id":137567,"date":"2023-06-15T14:22:51","date_gmt":"2023-06-15T12:22:51","guid":{"rendered":"https:\/\/www.cde.ual.es\/?p=137567"},"modified":"2023-06-15T14:22:51","modified_gmt":"2023-06-15T12:22:51","slug":"eu-us-critical-minerals-agreement","status":"publish","type":"post","link":"https:\/\/www.cde.ual.es\/en\/eu-us-critical-minerals-agreement\/","title":{"rendered":"EU-US Critical Minerals Agreement"},"content":{"rendered":"

The European Commission has adopted its negotiating directives for a Critical Minerals Agreement (CMA) with the United States.<\/strong><\/p>\n

\"banderas<\/a><\/p>\n

The objective is to foster EU-US supply chains in critical raw materials needed in the production of electric vehicle batteries. In 2022 alone, the EU exported \u20ac8.3 billion worth of critical raw materials relevant to this industry.<\/p>\n

Concluding an EU-US CMA will ensure that as an ally, the EU is granted a status equivalent to US free trade agreement partners pursuant to the US Inflation Reduction Act. EU firms will then be able to compete on a level playing field with US and third country competitors on the US market, such as Chile, the Republic of Korea, and Japan.<\/p>\n

\n\n\n\n
\"\"<\/a><\/p>\n

EU and Argentina step up cooperation on raw materials
\n<\/a><\/h4>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

An EU-US CMA will also help boost EU production capacities in industrial sectors of strategic importance. Strong environmental and labour provisions will help ensure greater supply of sustainably sourced critical raw materials.<\/p>\n

In addition, the deal will help reinforce the Commission’s proposed\u00a0Net Zero Industry Act<\/a>\u00a0and\u00a0Critical Raw Materials Act<\/a>, which aim to scale up EU manufacturing of key carbon neutral technologies.<\/p>\n

The authorisation and the accompanying directives, once adopted by the Council, will empower the Commission to negotiate an agreement containing provisions on:<\/p>\n