Joint press statement by the EU, US and Japan following their Critical Minerals Ministerial meeting
Yesterday, the European Union, the United States, and Japan participated in the Critical Minerals Ministerial meeting held in Washington, DC in which several EU Member States also took part.
The European Union, the United States, and Japan are now taking significant steps towards increasing their economic security and national security by jointly enhancing resilience in critical minerals supply chains. They have announced their intention to expedite cooperative efforts for a mutually beneficial Partnership, with two components.
This includes a commitment within the next 30 days to conclude a Memorandum of Understanding between the European Union and the United States aimed at boosting critical minerals supply chain security.
It will also include discussion of measures to prevent supply chain disruptions, promote research and innovation efforts, and facilitate the exchange of information on stockpiling.
Building upon existing international cooperation and initiatives, the European Union, the United States and Japan intend to develop Action Plans and explore a plurilateral trade initiative with like-minded partners on trade in critical minerals.