Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-401-000"
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"en.20110913.34.2-401-000"2
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"The EU is highly dependent on imports for many raw materials. The rare earth elements are a particular case in point, with China currently controlling 97% of global production and curtailing their export. In this context, the raw materials initiative (RMI) is an important first step. The European Union needs to develop a coherent and focused strategy with priority actions, particularly for the most critical raw materials. In order to do this, the European Commission should not only differentiate between giving adequate focus to the RMI and commodity markets, but should also establish a working group on raw materials that encompasses all the relevant Directorates-General. Such an inter-departmental working group should develop priority actions for the critical raw materials, particularly the rare earths, and can ensure strategic cohesion. France and the US have already created such working groups. It is in this context that the creation of an Innovation Partnership on raw materials gains particular urgency. Substitution is also a crucial aspect that needs to be better embedded in the European Commission’s RMI. The European Union needs to establish mutually-beneficial partnerships that provide a win-win for resource-rich countries and the EU itself. Besides an Africa-EU partnership, the EU could also promote partnerships with countries in Eastern Europe, Latin America, Asia, the US and Japan."@en1
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