The European Union and Japan have launched a new Competitiveness Alliance, deepening their partnership to promote free and fair trade, strengthen economic security, and enhance cooperation in technology and defense. This move comes amid rising global trade tensions, particularly with the US imposing tariffs and concerns over China's trade practices. Both sides aim to reduce reliance on China for critical materials like rare earths, improve supply chain resilience, and jointly address economic coercion. The alliance also seeks to foster innovation and multilateral cooperation, positioning the EU and Japan as key partners in shaping a rules-based international order. Leaders from both regions emphasized the importance of this partnership in navigating an increasingly uncertain global economic landscape.
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