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 and dominance in critical sectors like rare earths. Both sides aim to diversify supply chains, reduce reliance on China, and jointly develop key resources. The alliance also seeks to reinforce a rules-based international order and address economic coercion.
Leaders from both regions have pledged to elevate their relationship to a new level, focusing on innovation, industrial policy, and multilateral cooperation.
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