The European Union and Japan have launched a new Competitiveness Alliance, deepening their partnership to promote free and fair trade, enhance economic security, and strengthen supply chains.
This move comes amid rising global trade tensions, particularly with the US imposing tariffs and concerns over China's trade practices and dominance in critical sectors like rare earths. Both sides pledged to work together on technology, defense, and energy security, aiming to reduce reliance on China and counter economic coercion. The alliance also seeks to streamline business regulations and foster innovation, positioning the EU and Japan as key players in shaping a rules-based international order.
Leaders emphasized the importance of multilateral cooperation and strategic diversification to safeguard their economies.
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