The European Union and Japan have launched a new Competitiveness Alliance, pledging to deepen cooperation on trade, economic security, and defense.
This partnership aims to counter economic coercion and unfair trade practices, particularly from China and amid rising US tariffs. Both sides are focusing on strengthening supply chains, securing access to critical materials like rare earths, and advancing high-tech and innovation collaboration. The alliance underscores a shared commitment to a rules-based international order and multilateralism.
Leaders emphasized the importance of reducing reliance on single suppliers and enhancing resilience in the face of global economic uncertainties.
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