The United States and Japan agree to trade negotiations to control the distribution of battery minerals by raising the standard for “prevention of labor abuse,” and this standard will also be applied to negotiations with Europe.
In Korea, the K-battery policy began with the system of 'abuse of labor 69 hours a week'.
“The United States and Japan have committed to raising labor and environmental standards for minerals critical to powering electric vehicles, such as lithium, cobalt and nickel,” said the U.S. Trade Representative on the 27th. We will promote and consult, among other commitments, on how to review investment in foreign companies in the sector.”
The New York Times reported that “the United States and Japan have reached an agreement on the supply of an important mineral used to make car batteries, and the deal will settle contentious issues in relations with Japan and avoid similar disputes with other trading partners. It can be a model to solve it,” it reported on the 28th.
U.S. Trade Representative Catherine Tai and Japanese Ambassador to the U.S. Koji Tomita signed the agreement on the 28th.
Regarding the US-Japan agreement, Thai US Trade Representative said, "It is evidence of President Biden's promise to build a resilient and secure supply chain." thing," he said.
US President Biden and European Commission President Ursula von der Leyen said at a press conference right after the White House meeting on the 3rd, “The new limited trade agreement will help European companies qualify for more tax credits provided in the US.” Mineral distribution regulatory negotiations announced.
The bilateral joint statement said the agreement "will further advance our common goal of promoting mineral production and processing and expanding access to sustainable, reliable and abuse-free sources of critical minerals."
"The goal is to make these strategic supply chains accessible to the US market as if they were sourced from the US, through agreements on critical raw materials sourced or processed in the European Union," European Commission President Leyen told reporters. You will also have access to all the benefits you need,” he said on the day.
U.S. Trade Representative officials responded, saying, “In the long term, this deal provides a framework for creating a national club that can mine, process and trade this important mineral, helping the electric vehicle industry eliminate its current overreliance on China as a source of minerals. It will be an effort,” he told the NYT on the 3rd.
Officials from the European Trade Representative told the NYT that it could take longer to finalize an agreement as the European Union would have to submit such agreements to member states for approval.
Ford and the union, which invested $500 million in China's CALT iron phosphate battery plant for the first time in the United States, said, "If the majority of workers sign the card, the factory has agreed to recognize the UAW (United Auto Workers)." Declared.
Ford Motor Company of the United States and CALT of China officially announced on February 13 the construction of an iron phosphate battery plant in Michigan, USA. It switched to investing in battery manufacturing and adopted preferential policies for unions.
"Manufacturing in the United States will bring us closer to battery independence," said Bill Ford, chairman of Ford, at a Michigan event, revealing the $500 million investment and making official China's decision to manufacture LFP batteries.
Regarding China's LFP battery production at its Michigan plant, Reuters said it would "receive a significant U.S. battery manufacturing subsidy that will help Ford achieve an 8% margin on electric vehicle (EV) operations by 2026."
Regarding the results of the shareholders’ meeting on the 24th, when LG Ensol decided to invest 7.2 trillion won in an Arizona battery plant in the United States, Korean media and securities companies reported on the background of the investment expansion, “Because CATL is a Chinese company, the Inflation Reduction Act (IRA) for subsidy payment ), LG Ensol is an essential condition,” and explained the reason for the triple investment, citing “because of the benefits of IRA and AMPC (battery manufacturing tax credit, $ 35 to 45 per kWh)”.
U.S. Treasury Secretary Janet Allen said at the G20 Finance Ministers' Meeting in India on February 24, "The Biden administration is considering limited trade agreements focused on key minerals as a solution and can do so without congressional approval." "The intent is not for the US to steal jobs in Europe, it is intended to be consistent with the administration's 'support a friend' agenda, and the word 'free trade' means trustworthy friends and partners with whom we will feel we have secure supply chains." revealed the conversion of fair trade based on trust between countries.
In the expansion of the Free Trade Agreement (FTA) led by the Republican Party, the trade agreement requires congressional approval and has been signed with 20 countries including Korea and Chile.
The Korean government revealed that the Biden administration was’solidarity with the European Union and filed a complaint with the WTO’ in response to the situation where Hyundai Motor Company, etc., which invests in factories in the United States with an IRA last year, was’excluded from subsidies before completion in 2025’.
Yoon Seok-yeol’s regime labor abuse was further strengthened by the Labor Standards Act in May 1953, which stipulated ‘60 hours a week’ work as a wartime mobilization system during the Korean War.
On the 6th, the Ministry of Labor of the Yoon administration started the K-Battery policy to oppose the prevention of labor abuse of the Biden Democratic Party system through a policy to strengthen labor abuse by extending the current Labor Law's 'maximum 52 hours limit' to '69 hours a week' did.
<Korean media’LG Ensol U.S. investment tripled’ Vs Reuters ‘mounting negotiations with Toyota’ Ford Motor China and iron phosphate battery factory, March 27, 2023. Korea SK on ‘collaboration’ and gap, February 14th. ‘Trust’ in US Europe ‘Freedom’ Fairtrade IRA FTA Renegotiation, March 9, 2023. Han Deok-soo’s ‘absolute productivity’ confronts Biden Fair Trade, see April 4, 2022>
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