#CanadaU.S.JointActionPlan; #CriticalMineralsCollaboration; #mineralIndustries; #UNSDGs
Ottawa, Jan 9 (Canadian-Media): An announcement was made today by Canada and the U.S. that they have finalized Canada–U.S. Joint Action Plan on Critical Minerals Collaboration, media reports said.
This announcement is based on the June 2019 commitment by the Prime Minister of Canada and the President of the United States.
“With $2.6-billion worth of goods and services moving between Canada and the U.S. every day, both of our economies are better off when we work together. By finalizing the Canada–U.S. Joint Action Plan on Critical Minerals Collaboration, we are advancing secure access to the critical minerals that are key to our economic growth and security — including uranium and rare earth elements — while bolstering our competitiveness in global markets and creating jobs for Canadians,” Seamus O’Regan, Canada’s Minister of Natural Resources said.
Sharing of a mutual interest by both Canada and U.S. in securing supply chains for the critical minerals needed for important manufacturing sectors, including communication technology, aerospace and defence, and clean technology, would improve the critical mineral security and ensure the future competitiveness of Canadian and U.S. minerals industries.
This collaboration could improve the investment to Canadian exploration and mining projects and spur job creation and economic growth in various downstream industries.
Canada's announcement on December 18, 2019, that it joined the U.S.-led, multi-country Energy Resource Governance Initiative to promote secure and resilient supply chains for critical energy minerals with aim to increase transparency in the extractive sector.
This initiative would also ensure developing countries have the capacity to manage natural resources in line with the UN Sustainable Development Goals.
Canada supplies 13 of the 35 minerals that the U.S. has identified as critical to economic and national security.
The Action Plan will promote joint initiatives, including research and development cooperation, supply chain modelling and increased support for industry.
Discussion between experts from both countries would be held in the coming weeks to advance joint initiatives to address shared mineral security concerns and ensure continued economic growth and national security of both Canada and the U.S.