European Aluminium Askes G20 to Create Global Aluminium Forum
G20 leaders will meet in Germany next week to consult with lots of vitial topics for the global project related to investments and trade policies. European , Canada and American aluminium industry has asked G20 to address the issue of Chinese overcapacity, which is distorting international trade flows and is causing disruption in the global aluminium industry.
Gerd Götz, Manager General of European Aluminium said that G7 caught out the right project by calling for a truly level playing field and pushing for the removal of all trade-distorting practices.
European Aluminium is lobbying for create Global Aluminium Forum supported by transparent data monitoring.
“But G20 must go further. It must take action. If it does not, it is significant that distortive state intervention is not only possible but accepted, in spite of WTO rules”, Mr Götz said.
European Aluminium accepted that Chinese aluminium excess capacity was the origin of the challenges faced by the global aluminium industries at a public hearing on June 22 on the Section 232 Investigation in Washington DC.
In the beginning of 2017, American, Brazilian, European and Canadian aluminium industries asked for a common negotiated solution at G20 level to address this global issue of overcapacity.