(Finance) – TheEU and the Republic of Serbia they signed a memorandum of understanding which launches a strategic partnership on sustainable raw materialsthe battery value chains hey electric vehicles. The partnership aims to support the development of new local industries and high-quality jobs along the electric vehicle value chain, in full compliance with high environmental and social standards, while addressing the concerns of local communities with full transparency.
The partnership also provides the framework for a strong public-private engagement multilevel cooperation between EU institutions and bodies, industrial actors, business associations, social partners, representatives of civil society, relevant ministries of the Member States concerned and Serbia, public organisations, financial institutions and investors.
Marosh ŠefcovicExecutive Vice-President for the European Green Deal, Interinstitutional Relations and Foresight of the European Commission, has signed the Memorandum of Understanding with Dubravka HandanovicMinister of Mines and Energy of the Republic of Serbia. The signing ceremony took place during the High Level Summit on Critical Raw Materials in Belgrade. The partnership is based on the Agreement of stabilization and of Association entered into force on 1 September 2013 and is in line with the new EU growth plan for the Western Balkans. It is a block to promote Serbia’s integration into the EU single market and further promote its economic, social and environmental convergence with the EU.
“The Memorandum of Understanding between the EU and Serbia on sustainable raw materials, battery value chains and electric vehicles demonstrates our joint commitment to driving forward the green transition. Through strategic cooperation in these key areas, we unlock enormous potential for sustainable growth and innovation, while strengthening Serbia’s integration into the EU Single Market and further promoting its economic, social and environmental convergence with the EU”, he said. Šefcovic
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