The European Union and Japan have launched a new Competitiveness Alliance, pledging to deepen cooperation on trade, technology, supply chains, 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 securing critical resources like rare earths, enhancing energy security, and reducing reliance on single suppliers. The alliance also seeks to uphold a rules-based international order and promote free and fair trade globally.
Leaders from both regions emphasized the importance of innovation, joint research, and multilateral cooperation to navigate increasing global economic uncertainties.
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