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EU and Japan agree to further develop their economic security against China

  • July 13, 2023
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European Union (EU) and Japan agreed at the Brussels summit today to establish a strategic dialogue to coordinate in the face of the challenges of the world; and

European Union (EU) and Japan agreed at the Brussels summit today to establish a strategic dialogue to coordinate in the face of the challenges of the world; and in terms of economic security, to diversify the supply chains of critical materials that China has basically monopolized.

“We are ready to accelerate our strategic collaboration to strengthen our supply chains, especially for critical raw materials,” the President said. European CouncilCharles Michel at a press conference with his European Commission colleague Ursula von der Leyen and Japanese Prime Minister Fumio Kishida after the meeting.

Among the outcomes of the twenty-ninth EU-Japan summit is the establishment of a strategic dialogue at the level of foreign ministers to “further develop our association safety“.

Von der Leyen pointed out that, in addition to more coordination in the face of “unprecedented challenges” as the Russian war in Ukraine or tensions in the Indo-Pacific suggest, the dialogue will include “of course the vital issue of economic security.”

The European Commission recently put forward a proposal to resolve this issue, which, according to Kishida, “coincides with Japan’s mainstream views on economic security” and the need to discuss “supply chain and critical infrastructure resilience” or “responding to economic coercion” with like-minded countries and partners.

In a joint declaration adopted at the summit, the EU and Japan demonstrate their willingness to “constructive and stable” relations with China and they stress the importance of cooperating with that country “given its role in the international community and the size of its economy.”

However, von der Leyen stressed the need to reduce critical dependencies and therefore agreed today to coordinate and collaborate to diversify supply chains and find other suppliers.

“We have similar addictions. We both need to reduce risk in our supply chains, many of which are based in China, of products that are vital to our economy, such as critical raw materials.”

German policy specifically referred to the fact that China had taken the first step towards discovering gallium and germanium, the world production of which it controls and which are the key to creating chips – on your export control listwhich prompted Brussels to analyze dependence on these metals.

In particular, the EU and Japan signed a memorandum of cooperation to support secure submarine communications and another memorandum on semiconductors, as well as an administrative agreement aimed at strengthening cooperation in the supply chains of critical raw materials.

Kishida emphasized that the rapid development of generative artificial intelligence is the “major challenge” for the EU and the entire international community, and noted that in the fall he, as the current president of the G7, will convene a summit with leaders dedicated to this issue.

The EU and Japan also stressed their opposition to Russia’s “brutal” war of aggression against Ukraine and condemned North Korea’s recent ballistic missile launch.

They also showed their Concerned about reports of militarization, coercion and intimidation in the China Sea South and stressed that maintaining peace and stability in the Taiwan Strait, through which much of the world’s trade passes, is “necessary” for the security and prosperity of the international community.

Similarly, they warned that China’s “non-transparent” nuclear escalation was a challenge to global stability and called on that country and Russia to participate “substantially” in all relevant disarmament forums.

Von der Leyen stressed that the EU shares with Japan the analysis that “from Ukraine to the Indo-Pacific region, the world is a single theater of security.”

The EU announced at this summit lifting of remaining restrictions on food imports from Japan introduced in 2011 after the accident at the Fukushima nuclear power plant, confirmed by scientific data.

They summed up the economic association agreement between the EU and Japan, which has been in force for four years and which has increased trade flows by 20%.

Von der Leyen said they agreed to “resolve other trade issues during this year”, in particular access to the Japanese market for EU agricultural products.

They also agreed on a time frame for the approval of beef export applications from EU Member States and mutual recognition of the regionalization principle for highly pathogenic avian influenza.

They also promised to speed up data flow negotiations with a view to finalizing them this year.

EFE

Source: Aristegui Noticias

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