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 are prioritizing supply chain resilience, joint rare earths procurement, and reducing reliance on China for critical materials. The alliance also aims to defend a rules-based international order and foster innovation through closer collaboration.
Leaders from both regions emphasized the importance of multilateralism and strategic diversification to navigate an increasingly fractured global trade landscape.
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