Discover and read the best of Twitter Threads about #Critical_Goods
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#Critical_Goods: The grain deal was renewed, without much resistance from Russia. Turkey announced that both sides agreed to extend. Moscow claims that it is only for 60 days, while Ukraine speaks of 120 days. ⤵️
In the previous iteration, behind-the-scenes diplomacy was carried out to make adjustments to the sanctions regime in order to avoid bottlenecks for financial transfers or insurance related to the Russian export of agri-food and fertilizers.⤵️
It is very likely that Russia has exhausted its diplomatic and technical resources to prevent the supply of grain from Ukraine to the world.
#Critical_Goods: Under upcoming new regulation CRMA, the EU will establish a special agency that will procure critical minerals to meet green transition goals. The EU aims to produce at least 10% of these minerals internally and process 45% of them. Furthermore,⤵️
it will be supposed that Member States will issue permits for strategic mines to extract critical minerals within a maximum of 2 years. Permits for the processing industry must be granted within one year.⤵️
This localization of production capacity will support the EU's attempts to enliven strategic autonomy and reduce the critical minerals industry's reliance on China.
#Critical_Goods: The US is intensifying its economic diplomacy toward mineral-rich African countries. But there two main spoilers: 1) China's presence on the continent for at least 15 years; and 2) the cautious approach of African countries who do not want to be bossed around &⤵️ 
who understand that the West is running out of time and critical minerals for the green transition. Both the Chinese factor and the mineral hunger in the West put Africa in a convenient position to reach beneficial agreements. China controls 40-75% of the nickel, copper,⤵️
cobalt and lithium supply chain. The US is trying to use the Minerals Security Partnership, with the G7 and 6 other nations, to encourage the creation of new supply chains from Africa to the US. It will take⤵️
#Critical_Goods: European pharmaceutical associations are ringing the bells about antibiotic shortages in the EU. The recent waves of respiratory infections as well as the reduction in the production of medicines due to high energy prices have affected the supply,⤵️
causing the current shortage. The European pharmaceutical regulator (EMA) is criticized for failing to monitor and prevent shortages. Stricter pharmaceutical legislation is called for from the EU Commission to detect potential shortages early and ensure supply resilience.⤵️
One part of the preventive tools that will be fully operational from 2025 is a European scarcity monitoring platform. By then, pharmaceutical stakeholders are demanding that the EMA effectively fulfill its post-COVID-19 responsibilities regarding drug shortages.
#Critical_Goods: China is considering banning the export of solar panels in a bid to prevent the US and other competitors from building alternative supply chains. China is trying to maintain its dominant position in the solar panel market, also responding⤵️
to the US Inflation Reduction Act aimed at subsidizing domestic production of green energy technology. Germany and France have been discussing joint ⤵️
EU funds to counter the negative effects of US subsidies on the green transition. Parts of the more than €800 billion of EU recovery funds could be repurposed for that.
