The European Union and Japan have launched a new Competitiveness Alliance, aiming to deepen cooperation on trade, technology, and defense amid rising global economic tensions.
This partnership is designed to promote free and fair trade, strengthen supply chains, and reduce reliance on China for critical resources like rare earths. Both sides also pledged to counter economic coercion and address unfair trade practices, particularly in response to recent US tariffs and Chinese trade policies. The alliance marks a significant step in reinforcing a rules-based international order and enhancing mutual economic security.
Leaders emphasized the importance of innovation, joint development, and multilateral cooperation to navigate an increasingly uncertain global landscape.
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