Sun. Aug 14th, 2022

Brussels, 22 July 2022

On behalf of the EU, the Commission, represented by Commissioner Breton, signed a statement alongside the US and 16 other global partners to jointly work on global supply chain issues.

The joint statement highlights four global supply chain principles to guide the work on supply chain issues globally: improving transparency and information sharing among partners to better anticipate supply chain bottlenecks; diversifying and increasing global capacities for materials and inputs; addressing vulnerabilities and better managing security risks to supply chains as well as fostering fair and sustainable practices along supply chains.

The statement is the result of discussions that took place during the US hosted Ministerial Forum on Global Supply Chain Resilience on 19 and 20 July. This built on cooperation launched at the Leader’s Summit on Global Supply Chain Resilience hosted by President Biden in Rome on October 31, 2021. The COVID-19 pandemic and the Russian invasion of Ukraine have laid bare the fragility of several critical supply chains, making the objectives of this Forum even more urgent.

In addition to the EU and the US, 16 other countries have  signed the joint statement, including Australia, Brazil, Canada, the Democratic Republic of the Congo, France, Germany, India, Italy, Japan, the Republic of Korea, Mexico, the Netherlands, Singapore, Spain, and the United Kingdom. 

Source – EU Commission