The European Union and Japan have launched a new Competitiveness Alliance, deepening their partnership to promote free and fair trade, strengthen supply chains, and enhance economic and defense cooperation.
This move comes amid rising global trade tensions, particularly with the US imposing tariffs and concerns over China's trade practices. Both parties aim to reduce reliance on China for critical materials like rare earths and to jointly address economic coercion. The alliance also seeks to foster innovation, improve energy security, and reinforce a rules-based international order.
Leaders from both sides emphasized the importance of multilateralism and technological collaboration to navigate an increasingly uncertain global landscape.
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