The European Union and Japan have launched a new Competitiveness Alliance, deepening their partnership to promote free and fair trade, strengthen economic security, and enhance cooperation in technology and defense.
This move comes amid rising global trade tensions, particularly with the US imposing tariffs and concerns over China's trade practices. Both sides are prioritizing supply chain resilience, joint rare earths procurement, and reducing reliance on dominant suppliers like China. The alliance also aims to counter economic coercion and foster innovation through closer collaboration on industrial policy and research.
Leaders from both regions reaffirmed their commitment to a rules-based international order and multilateral cooperation at their 30th summit in Tokyo.
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