#CriticalRawMaterials are vital for EU competitiveness.
🇪🇺 needs reliable access to CRMs to drive the green/digital transitions & lead industries of the future. But we have too few resources at home & too many risks at global level.
We need to act - so what's the plan?
1/4 🧵
🐦🔗: https://n.respublicae.eu/VDombrovskis/status/1636342389429108737
It makes sense to scale up our own EU critical raw materials capacity.
But even at full tilt, our own capacity will never be enough.
🌍 We must therefore deploy our strength as the world's No. 1 trader, building relationships based on trust, mutual gain & clear rules.
2/4
🐦🔗: https://n.respublicae.eu/VDombrovskis/status/1636342395347386368
We are already working on #CriticalRawMaterials partnerships, via:
✅current/future FTA deals
✅other targeted arrangements
✅CRM club
Any global partner who works with 🇪🇺will reap the benefits of investing in the economies of the future.
My remarks 👉 http://europa.eu/!hRY49m
🐦🔗: https://n.respublicae.eu/VDombrovskis/status/1636342405082365952
Many resource-rich countries want to work with reliable partners to develop their own CRM value chains sustainably.
The EU is in a strong position to meet this demand.
When we say we'll deliver win-win outcomes, we mean it. That's what sets us apart.
3/4
🐦🔗: https://n.respublicae.eu/VDombrovskis/status/1636342398455279623