The Aluminum Association and European Aluminum sent a joint letter to U.S. Trade Representative Katherine Tai and EU Executive Vice President and Trade Commissioner Valdis Dombrovskis before continuing discussions on the Global Agreement on Sustainable Steel and Aluminum (Global Agreement) in Belgium.
“The U.S. aluminum industry has announced more domestic investment in the past two years than in the previous decades combined. That is why it is so important for the U.S. government to reach an agreement with the EU to support the continued growth of low-carbon aluminum production.” noted Charles Johnson, president and CEO of the Aluminum Association.
The paper highlights the need for the Global Agreement to address both decarbonization and market performance to better support the aluminum industry on both sides of the Atlantic.
“Any restrictions between responsible and long-standing partners will only hurt aluminum producers around the world. A well-designed agreement should recognize and incentivize low-carbon, market-driven aluminum industries in countries party to the Global Agreement, ensuring a level playing field within the Global Agreement in terms of climate-related costs. In addition, the agreement must set reasonable targets and benchmarks for non-parties to join the agreement, or face measures for carbon-intensive and uncompetitive imports. This will ensure that non-parties do not jeopardize aluminum production in Global Agreement member countries.”they added.
The partnership leaders also reiterated the importance of the effective delivery of the Global Agreement by October 2023.
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