The European Union is still in talks with the United States regarding an agreement on the trade of mineral batteries. This significant topic was also discussed during the fifth ministerial meeting of the US-EU Trade and Technology Council. Although there was no joint statement at the end of the meeting, both sides have decided to continue negotiations.
While specific goals and timelines are not fully disclosed, the agreement is important for resilient supply chains and the environment. Many of these critical minerals are essential for the green transformation of our economies.
However, despite differences, both sides are willing to further collaborate and achieve a comprehensive agreement. The next ministerial meeting will take place in Belgium in April and is likely to be the last one before this year’s national elections in the EU and the USA.
The talks aim to prevent a diversion of investment projects in the clean energy sector from Europe to the United States. Currently, the US has passed an inflation reduction law that provides tax incentives for clean energy investments. There were concerns that this would attract projects from Europe.
It is worth mentioning that the United States reached an agreement on minerals with Japan in March of last year. Furthermore, the US Trade Representative has not yet responded to the request for comment on this matter.
It appears that discussions on the trade of mineral batteries are still ongoing, and both sides are committed to their continuation. We await further developments and the next steps that the US and EU will take to ensure supply chain stability and support green technologies.
FAQ – Agreement on Mineral Batteries
The source of the article is from the blog combopop.com.br