{"id":151794,"date":"2024-05-29T03:00:47","date_gmt":"2024-05-29T01:00:47","guid":{"rendered":"https:\/\/www.cde.ual.es\/?p=151794"},"modified":"2024-05-28T10:21:00","modified_gmt":"2024-05-28T08:21:00","slug":"eu-and-australia-sign-partnership-on-sustainable-critical-and-strategic-minerals","status":"publish","type":"post","link":"https:\/\/www.cde.ual.es\/en\/eu-and-australia-sign-partnership-on-sustainable-critical-and-strategic-minerals\/","title":{"rendered":"EU and Australia sign partnership on sustainable critical and strategic minerals"},"content":{"rendered":"<p style=\"text-align: justify;\">The EU and Australia signed a <strong>Memorandum of Understanding (MoU)<\/strong>\u00a0for a bilateral partnership to cooperate on\u00a0<strong>sustainable critical and strategic minerals<\/strong>.<\/p>\n<p><a href=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2024\/05\/img-topic_eu_australia.jpg\"><img decoding=\"async\" class=\"wp-image-151791 size-full aligncenter\" src=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2024\/05\/img-topic_eu_australia.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2024\/05\/img-topic_eu_australia.jpg 600w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2024\/05\/img-topic_eu_australia-300x200.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 12pt;\">The MoU was signed on behalf of the EU by Executive Vice-President and Commissioner for Trade Valdis\u00a0<strong>Dombrovskis<\/strong>, and Commissioner for Internal Market, Thierry\u00a0<strong>Breton<\/strong>. The signatories for Australia were Resources and Northern Australia Minister Madeleine King, and Minister for Trade and Tourism Don Farrell.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 12pt;\">This partnership aims to support several common objectives, while based on mutual benefits. In particular, it seeks to enable the EU to\u00a0<strong>diversify its supplies of materials necessary for the green and digital transitions<\/strong>, whilst contributing to the\u00a0<strong>development of Australia&#8217;s domestic critical minerals sector<\/strong>. The partnership covers the entire critical and strategic minerals value chain: exploration, extraction, processing, refining, recycling, and processing of extractive waste.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 12pt;\">In addition to jointly developing projects along the entire value chain in the EU and in Australia, the partnership will also explore cooperation in countries where the EU and Australia have mutual interests, focusing on\u00a0<strong>reducing environmental impacts and benefiting local communities<\/strong>. Additionally, it promotes innovative and digital technologies and services for mining, and other projects along the critical minerals value chain.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span style=\"font-size: 12pt;\">Areas of cooperation<\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-size: 12pt;\">This MoU enhances cooperation between Australia and the EU in the following areas:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-size: 12pt;\"><strong>Integration of sustainable raw materials value chains<\/strong>, including networking, joint facilitation of projects (e.g., via joint ventures), creation of new business models and promotion and facilitation of trade and investment linkages, ensuring the well-functioning, sustainability, and resilience of these critical supply chains.<\/span><\/li>\n<li><span style=\"font-size: 12pt;\"><strong>Cooperation on research and innovation along the raw materials value chains<\/strong>, including on minerals knowledge and the minimisation of environmental and climate footprint.<\/span><\/li>\n<li><span style=\"font-size: 12pt;\"><strong>Cooperation to promote high environmental, social, and governance standards and practices,\u00a0<\/strong>as well as improved policy alignment, driven by full respect of worker&#8217;s conditions and safety, and by the need of a sustainable and secure production of critical minerals.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-size: 12pt;\">The signature of the MoU provides a framework to build secure and sustainable critical and strategic minerals value chains between the EU and Australia. These value chains will support the clean energy and digital transitions and are relevant for other key industrial sectors such as defence and aerospace.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 12pt;\">The EU also makes use of its bilateral free trade agreements to deepen trade and investment links, diversify supply chains, and enhance the resilience of its economy, particularly in the context of critical raw materials supply chains. The EU already has the largest network of trade agreements in the world, with a total of 74 countries. The latest agreements with the United Kingdom, New Zealand and Chile contain a dedicated chapter on Energy and Raw Materials. Negotiations for an EU-Australia free trade agreement are currently on-going.<\/span><\/p>\n<table style=\"width: 99.9988%; border-collapse: collapse; border-style: double; border-color: #001f7d;\" cellpadding=\"0,5\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><a href=\"https:\/\/www.cde.ual.es\/ley-europea-de-materias-primas-fundamentales-entra-en-vigor-la-ley-que-garantiza-el-acceso-a-un-suministro-diversificado-asequible-y-sostenible\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"alignleft\" src=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2024\/05\/alexander-schimmeck-X-Yd4FIc0Wk-unsplash-2048x1536.jpg\" alt=\"\" width=\"201\" height=\"134\" \/><\/a><\/p>\n<h4 class=\"entry-title\"><a href=\"https:\/\/www.cde.ual.es\/en\/european-critical-raw-materials-act-law-to-ensure-access-to-a-diversified-affordable-and-sustainable-supply-enters-into-force\/\" target=\"_blank\" rel=\"noopener\">European Critical Raw Materials Act: law to ensure access to a diversified, affordable and sustainable supply enters into force<\/a><\/h4>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 style=\"text-align: justify;\"><span style=\"font-size: 12pt;\">Next Steps<\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-size: 12pt;\">Following the signature of the MoU, a roadmap with concrete actions will be jointly developed to put the Strategic Partnership into practice, over the next six months.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span style=\"font-size: 12pt;\">Background<\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-size: 12pt;\">With critical raw materials being an essential prerequisite for delivering on the green and digital transitions, the Commission has started to build a series of partnerships on raw materials, following the Action Plan on Critical Raw Materials and the Critical Raw Materials Act. Such agreements were signed with Canada and Ukraine in 2021, with Kazakhstan and Namibia in 2022, with Argentina, Chile, Zambia, the Democratic Republic of Congo and Greenland in 2023, and with Rwanda, Norway and Uzbekistan in 2024.<\/span><\/p>\n<p><strong>More information:<\/strong> <a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_24_2904\">European Commission<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EU and Australia signed a Memorandum of Understanding (MoU)\u00a0for a bilateral partnership to cooperate on\u00a0sustainable critical and strategic minerals. The MoU was signed on behalf of the EU by Executive Vice-President and Commissioner for Trade Valdis\u00a0Dombrovskis, and Commissioner for Internal Market, Thierry\u00a0Breton. The signatories for Australia were Resources and Northern Australia Minister Madeleine King, [&hellip;]<\/p>\n","protected":false},"author":101011,"featured_media":151792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[346,4064,4065,4089,4088],"tags":[12331,802,7173,779,1488,12327,11585,12328],"class_list":{"0":"post-151794","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu-news","8":"category-institutional","9":"category-international-pol-coop","10":"category-international-trade","11":"category-market","12":"tag-asociation","13":"tag-australia-en","14":"tag-comision-europea-en-2","15":"tag-eu-en","16":"tag-european-commission","17":"tag-european-critical-raw-materials-act","18":"tag-minerals","19":"tag-sustainibility","20":"entry"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EU and Australia sign partnership on sustainable critical and strategic minerals | CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cde.ual.es\/la-ue-y-australia-firman-una-asociacion-sobre-minerales-criticos-y-estrategicos-sostenibles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU and Australia sign partnership on sustainable critical and strategic minerals | CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda\" \/>\n<meta property=\"og:description\" content=\"The EU and Australia signed a Memorandum of Understanding (MoU)\u00a0for a bilateral partnership to cooperate on\u00a0sustainable critical and strategic minerals. The MoU was signed on behalf of the EU by Executive Vice-President and Commissioner for Trade Valdis\u00a0Dombrovskis, and Commissioner for Internal Market, Thierry\u00a0Breton. 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