Berlin Ministerial Report Gfsec

At the gfsec ministerial meeting in paris in september 2018 gfsec members called for an acceleration in the reduction of excess capacity and committed to regularly reviewing planned or effective capacity increases and drawing the relevant conclusions based on agreed policy principles and set out in the november 2017 berlin ministerial report.

Berlin ministerial report gfsec. It brings together policy makers and relevant stakeholders to share information and cooperate in line with the call of g20 leaders at the hangzhou summit in september 2016. We call on all members to implement the berlin and paris gfsec ministerial recommendations and commitments. The meeting represents 90 of global steel production. The meetings to date have also highlighted limitations in the information sharing which have to be addressed in order for the gfsec to fully meet its objectives.

The gfsec meeting was formally established in december 2016 in berlin. Makihara hideki state minister of economy trade and industry served as acting chair. Kajiyama hiroshi minister of economy trade and industry served as chair and mr. At the meeting mr.

This has been the core objective of the gfsec in the first half of 2018. Beyond as expressed in the hangzhou and hamburg summits. On november 30 2017 the ministerial meeting of the global forum on steel excess capacity gfsec was held in berlin the federal republic of germany. Agreement reached at the second ministerial meeting of the gfsec.

Berlin ministerial report and should therefore be earmarked for time bound elimination. The meeting brings together all the g20 members and the oecd members. On october 26 sat 2019 the ministry of economy trade and industry meti held a ministerial meeting of the global forum on steel excess capacity gfsec. At the meeting based on the concrete policy solutions including the six principles an agreement reached at the first ministerial meeting of the gfsec in november 2017 gfsec members held discussions on the outcome of the efforts by the members engaged in the first half of 2018 to solve steel excess capacity and on future.

Recalling our commitments from hangzhou and hamburg we welcome the concrete policy solutions developed by the global forum on steel excess capacity gfsec facilitated by the oecd. The gfsec ministerial meeting is to be held in tokyo japan between october 25 and october 26 2019. We look forward to a substantive report by june 2019. This report focuses on the steel sector and provides concrete policy solutions to reduce steel excess capacity.

Tadao yanase vice minister for international affairs the ministry of economy trade and industry meti represented japan at the meeting. At their 30 november 2017 ministerial meeting in berlin gfsec member economies approved a substantive report hereafter the berlin ministerial report with concrete guiding principles and specific policy recommendations for governments see boxes 1 and 2 at the end of this section and annex 6.