(Source: European Commission)
What is the Global Arrangement on Sustainable Steel and Aluminium?
The arrangement is intended to facilitate the decarbonising of the steel and aluminium industries, as well as addressing the issue of overcapacity in these industries caused by non-market practices in some economies.
The EU and US have agreed to start discussions on this Arrangement as soon as possible, and conclude them within two years. We want to make this Arrangement open to all like-minded economies.
How will the Arrangement help achieve decarbonisation?
Each participant in the arrangement should undertake to facilitate trade in steel and aluminium that …