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Undersecretary Maria Tripodi’s participation in the 6th Forum on Steel Excess Capacity

Today, the Italian Undersecretary for Foreign Affairs and International Cooperation, Maria Tripodi, spoke on behalf of the Italian Deputy Prime Minister and Minister of Foreign Affairs, Antonio Tajani, at the 6th Ministerial Conference of the Member Countries of the Global Forum on Steel Excess Capacity (GFSEC), held at the OECD Headquarters in Paris.

Established in 2016 within the framework of the G20, the Global Forum aims at promoting multilateral cooperation and information exchange between major steel producing countries to address, contain and reduce steel overcapacity and its distorting consequences on world markets.

“The future of the Forum lies in the courage of an ambitious approach aimed at achieving a shared, effective solution that will contain the increase in production capacity”, said Undersecretary Tripodi during her speech at the Ministers’ Roundtable. The Undersecretary also reiterated the importance of enlarging membership as a condition for effectively tackling the problem on a global scale, recalling the importance of the steel industry – one of the most energy-intensive industries – setting itself ambitious sustainability goals by using new technologies.

At the end of the meeting, delegations from the 28 member economies approved a Ministerial Declaration, reflecting the results of the meeting’s discussions.

As part of the mission, the Permanent Representative of Italy to the International Organisations, Ambassador Luca Sabbatucci, organised a meeting between the Undersecretary and OECD Deputy Secretary-General Fabrizia Lapecorella and a number of Italian Directors.