EU must close trade deals for raw materials to avoid being ‘weaponized’ - Thierry Breton
The EU risks being ‘weaponized’ by other nations unless it moves urgently to close more trade deals for the supply of critical raw materials, EU commissioner for internal market Thierry Breton said on Thursday.
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00:00 It's fair to say that we lost our competitive edge in mining and in processing.
00:29 We are now clear that in the EU, we cannot replace fossil fuel dependencies with a raw
00:37 material one.
00:38 We have maybe too long considered that decarbonizing meant relocating outside of the EU.
01:07 And it was wrong.
01:11 So now, we need to change that.
01:14 It doesn't mean that we want to produce again everything in Europe.
01:19 Never.
01:20 We want just to engage into mutually reinforcing partnerships.
01:27 But we can only do this if Europe is a strong partner.