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European Aluminium Applauds EU, Japan and US Agreement to Tackle ­Excess Capacities Collectively

The issue of severe excess capacity in key sectors exacerbated by government support was highlighted by important trade author­ities. This recognition is great news for the industry as aluminium is one of the sectors affected by government-supported capacity expansion and unfair competitive conditions caused by market-distorting subsidies.
Since 2016, European Aluminium has been campaigning for a global negotiated solution to tackle the root causes of excess capacities.
“We hope this very timely trilateral agreement will urge G7 and G20 leaders to finally provide a collective response to the aluminium sector by creating a Global Forum on aluminium excess capacity. A Global Forum could help define what excess capacity entails, increase transparent information sharing, and enhance cooperation”, concludes Gerd Götz, Director General of European Aluminium.


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