The European Union and Japan have launched a new Competitiveness Alliance, deepening their partnership to promote free and fair trade, strengthen supply chains, and enhance economic and defense cooperation.
This move comes amid rising global trade tensions, particularly with the US imposing tariffs and concerns over China's trade practices. Both parties are prioritizing joint efforts in critical sectors such as rare earths, advanced technology, and energy security to reduce reliance on China and bolster resilience. The alliance also aims to uphold a rules-based international order and foster innovation through closer collaboration.
Leaders from both sides emphasized the importance of multilateralism and strategic diversification to navigate an increasingly fractured global trade landscape.
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