The European Union and Japan have launched a new Competitiveness Alliance, pledging to deepen cooperation on trade, technology, and defense amid rising global economic tensions.
This partnership aims to strengthen supply chains, reduce reliance on China for critical materials like rare earths, and counter economic coercion from major powers such as the US and China. Both sides reaffirmed their commitment to a rules-based international order and free, fair trade. The alliance also includes plans for joint innovation, energy security, and expanded industrial policy collaboration.
The move comes as both the EU and Japan seek to navigate an increasingly fractured global trade environment.
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