Australia at the 5th Ministerial Meeting of the Global Forum for Steel Excess Capacity (GFSEC)
Minister Assisting the Minister for Trade and Investment, Dr David Gillespie was pleased to represent Australia at the 5th Ministerial Meeting of the Global Forum for Steel Excess Capacity (GFSEC), held via in videoconference on 1 October 2021.
“Australia supports multilateral cooperation to address global trade and economic challenges,” Minister Gillespie said.
“GFSEC plays a unique role in promoting greater steel sector transparency and facilitating policy exchanges to address steel overcapacity.”
Welcoming the GFSEC Ministerial Report detailing the Forum’s work in 2021 and priorities for 2022, Minister Gillespie affirmed Australia’s ongoing cooperation through the GFSEC and thanked Italy for its work as GFSEC Chair and the United States and Japan for their role as Deputy Chairs.
The GFSEC was established in 2016, within the framework of the G20, with the aim of promoting cooperation and transparency among the major steel-producing countries to mitigate against steel excess capacity and its impact on the world market.