European Aluminium urges G20 for creation of a Global Forum on aluminium overcapacity

G20 leaders are going to meet in Germany next week to discuss many important topics for the global agenda related to trade policies and investments. The aluminium industry in the U.S. Canada and Europe has urged the G20 to address the issue of Chinese overcapacity, which is causing disruption in the global aluminium industry and is distorting international trade flows.

Gerd Götz, Director General of European Aluminium said that the G7 took the right step by pushing for the removal of all trade-distorting practices and calling for a truly level playing field.

“But the G20 must go further. It must take action. If it does not, it will give a signal that distortive state intervention is not only possible but accepted, despite WTO rules”, Mr Götz added.

European Aluminium is lobbying for the creation of a Global Forum on aluminium excess capacity supported by transparent data monitoring.

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European Aluminium and a broad majority of speakers agreed that Chinese aluminium excess capacity was the root cause 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, European, American, Brazilian and Canadian aluminium industries urged for a common negotiated solution at G20 level to address this global issue of overcapacity.