Brigitte Zypries, German Federal Minister for Economic Affairs and Energy and Chair of the meeting, said, "I am delighted that the G20 countries and other OECD countries have been able to agree on a report on steel, setting out concrete recommendations for reducing global capacities in the steel sector."
According to the agreed report, the members will enhance the market function, refrain from market-distorting subsidies and share information for a greater transparency.
The Global Forum on Steel Excess Capacity was founded in December 2016 following the consensus of G20 Hangzhou Summit. It has a total of 33 members (G20 countries, interested OECD countries and representatives of the OECD).
As required by the Hamburg G20 Declaration, the Global Forum is to deliver a substantive report with concrete policy solutions by November 2017, as a basis for tangible and swift policy action.
【国际英语资讯:China calls for more global cooperation in addressing steel overcapacity】相关文章:
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