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 aim to reduce reliance on China for critical materials like rare earths, bolster supply chain resilience, and jointly address economic coercion. The alliance also seeks to expand collaboration in high-tech sectors and energy security.
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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