Brussels, 01 December 2017 – The Global Forum on Steel Excess Capacity ministerial-level meeting has agreed on principles and recommendations whereby countries and regions should dismantle market-distorting subsidies and other government support measures and share data and information on the process of capacity reduction.
Global Forum members agree to wide-ranging policy solutions to tackle global steel overcapacity, to be implemented in 2018 and 2019.
Brussels, 29 November 2017 – The Global Forum on Steel Excess Capacity ministerial-level meeting will open tomorrow. The engagement is expected to deliver a report setting out the excess capacity situation in the global steel industry and define guidelines and concrete policy solutions as a basis for swift action to address the problem.
With its strategy paper entitled ‘Trade for all’ in 2015, the Commission launched an EU trade policy that focussed on values such as human rights, workers’ rights, environmental protection and sustainable development. The idea was that free trade should be fair for both consumers in Europe and for citizens elsewhere. This approach was pursued in bilateral trade negotiations and in legislative proposals on, for example, conflict minerals, dual-use goods or the investment court system. But by the end of 2016 the tenor of the debate on international trade had changed, shifting the focus to national interests and fairness for consumers and producers at home. The UK’s decision to withdraw from the EU and the election of President Trump in the US, together with the expiry of the clause recognising China’s non-market economy status, contributed to this shift.