Enhancing Economic Security Collaboration Between Japan and EU
In a significant development, the Japanese Prime Minister Shigeru Ishiba and the European Commission's Executive Vice President Stephane Sejourne have reiterated their determination to strengthen the comprehensive alliance launched between Japan and the EU in July. This alliance aims to enhance cooperation on trade, economic security, and innovation.
The agreement comes in response to mutual dependence on critical minerals from China and challenges posed by high tariffs imposed by the U.S. President Donald Trump's administration. Both leaders emphasized the importance of promoting cooperation in the formation of economic policies and international rules.
The formation of international rules was recognized as a crucial aspect of the economic cooperation between Japan and the EU. Sejourne, who is in charge of industrial strategy in the European Commission, agreed that it is necessary to further deepen the cooperative relationship between Japan and the EU. Ishiba also highlighted the need for concrete cooperation between Japanese and European companies in strategic fields.
The focus on strategic fields in the cooperation between Japanese and European companies was reinforced. Ishiba and Sejourne emphasized the importance of international rule-making in this economic cooperation. The policy was affirmed at their meeting in July 20XX.
However, the European Union official responsible for industrial strategy who cooperated with Ishiba in July 20XX to establish this alliance is not explicitly named in the available sources. Given the current roles of Friedrich Merz, the German Federal Chancellor, and Katherina Reiche, Federal Minister for Economic Affairs in the context of EU industrial policy, it is likely a high-level EU commissioner or minister connected to industry or trade, but no specific name is given related to the cooperation with Ishiba in July 20XX in the available sources.
Regardless, the commitment to deepen the cooperative relationship between Japan and the EU was reaffirmed. Both parties agreed to strengthen cooperation on economic security and free trade, with the aim of fostering a more resilient and innovative global economy. This alliance is a significant step towards enhancing the economic ties between Japan and the EU and navigating the challenges of the 21st century global economy.
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