The EESC welcomes the Commission document COM(2011) 25 final Tackling the Challenges in Commodity Markets and on Raw Materials and The European raw materials' initiative (RMI) as an important step to tackle this vital issue.
EESC thus urges the EC to monitor the situation in international trade of critical raw materials (as listed in COM(2011) 25 final and with regular updating of this list). In addition, we endorse the need to continue in negotiation at the international level (WTO) to promote free trade also in commodity markets.
The EESC urges a more active foreign policy regarding security of raw materials for EU industry.
The raw material policy must form an integral component of the EU industrial policy.
The EESC thinks that the creation of a strategic stockpile of critical raw materials is among the potential solutions.