deepening economic security partnership between Japan and the European Union
Japan and the European Union have reaffirmed their commitment to deepen their cooperative relationship, particularly in strategic fields, in response to challenges such as high tariffs imposed by the U.S. President Donald Trump's administration and the dependence on critical minerals from China.
The emphasis on this strategic nature of the cooperation was reiterated by both leaders during a meeting between Japanese Prime Minister Shigeru Ishiba and European Commission Executive Vice President Stephane Sejourne. Prime Minister Ishiba highlighted the importance of concrete cooperation between Japanese and European companies in strategic fields, while Sejourne agreed to further deepen the cooperative relationship between the two entities.
One such partnership is the 'SusHi Tech Tokyo' initiative, which involves seven partners: CalTa, ENYRING, Hundredthst, mui, and others. This collaboration focuses on innovations in FoodTech between Japan and Germany, demonstrating the focus on strategic fields in the cooperation between the two regions.
Both leaders also reaffirmed the importance of international rule-making in their cooperation. Prime Minister Ishiba emphasized the importance of promoting cooperation in the formation of economic policies and international rules. The emphasis on international rules in the cooperation between Japan and the EU was also reaffirmed.
The agreement to strengthen cooperation on economic security and free trade comes as part of a comprehensive alliance launched by Japan and the EU in July. This alliance aims to enhance cooperation on trade, economic security, and innovation.
The deepening of the cooperative relationship between Japan and the EU was agreed upon by both leaders, with a focus on strategic fields. This cooperation is expected to provide a strong foundation for both regions as they navigate the complexities of the global economy.
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