The European Union and Japan have launched a new Competitiveness Alliance, deepening their partnership to promote free and fair trade, enhance economic security, and strengthen supply chains.
This move comes amid rising global trade tensions, particularly with the US imposing tariffs and concerns over China's trade practices. Both sides pledged to collaborate on critical sectors such as rare earths, advanced technology, and defense, aiming to reduce reliance on China and bolster resilience. The alliance also emphasizes a commitment to a rules-based international order and multilateral cooperation.
Leaders from both regions highlighted the importance of innovation, joint procurement, and coordinated responses to economic coercion.
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