April 30, 2024
2 mins read

Japan to strengthen ties with EU to counter China

Japan has been trying to strengthen its partnerships with its political allies for the development of supply chains for critical times like geopolitical and economic security risks, such as Russia’s war on Ukraine and increasing tensions with China…reports Asian Lite News

Several agreements will be soon made between Japan and the European Union to ensure better cooperation on economic security, including strengthening supply chain resilience for semiconductors and other critical materials, Japanese news organization Kyodo News stated quoting its government sources.

The initiative is being pursued as a way to reduce dependency on countries like China. According to local sources quoted in the Kyodo News report the leaders of Japan and the 27-nation bloc are working toward issuing a joint statement promoting the establishment of transparent, resilient, and sustainable supply chains at a Japan-EU High-level Economic Dialogue to be held in Paris in early May.

Japan has been trying to strengthen its partnerships with its political allies for the development of supply chains for critical times like geopolitical and economic security risks, such as Russia’s war on Ukraine and increasing tensions with China.

The economic dialogue is scheduled to be attended by Japanese Foreign Minister Yoko Kamikawa and Industry Minister Ken Saito, while the EU is expected to be represented by Valdis Dombrovskis, executive vice president of the European Commission for an Economy that Works for People the Kyodo News report mentioned.

The move is being considered to counter China’s growing market size with inexpensive semiconductors, electric vehicles and solar panels. Earlier this month, Japanese Prime Minister Fumio Kishida and US President Joe Biden also reaffirmed their commitment to deepening cooperation in supply chain resilience and other areas in the face of China’s ambitions.

Previously, the United States’ defence commitments to Japan and the Philippines are “ironclad,” US President Joe Biden said on Thursday as he hosted the first-ever trilateral summit between the three countries, welcoming Filipino President Ferdinand Marcos Jr to the White House a day after the official visit of Japanese Prime Minister Fumio Kishida.

The US-Japan-Philippines trilateral comes after the creation of groupings in the Indo-Pacific, starting with the Quad, comprising India, the US, Australia and Japan, and the AUKUS, consisting of Australia, the US and the UK, amid increasing concerns over China’s military muscle-flexing in the region.

Meanwhile, China asserts sovereignty over the shoal, located within the Philippines’ exclusive economic zone, as part of its broader claims in the South China Sea, disregarding an international arbitration ruling. (ANI)

ALSO READ-Japan’s Ruling Party Suffers Defeat in Key By-Elections

Previous Story

‘G7 commits to coal phase-out by 2035’

Next Story

Israel fears ICC might issue warrants against Netanyahu

Latest from -Top News

Global Grief Over J&K Terror Strike

Australian Prime Minister Anthony Albanese also condemned the horrific terror attack, stating that violence can not be justified….reports Asian Lite News Condolences have poured in from around the world after the horrific

Pakistan Condemns J&K Terror Strike

Pakistan’s Foreign Office issued a brief statement, saying, “We are concerned at the loss of tourists’ lives in an attack in Anantnag district…reports Asian Lite News Pakistan on Wednesday responded to the

Muslim World League Condemns Terror in Pahalgam

Prime Minister Modi commended the firm stand of the Muslim World League against extremism, terrorism and violence….reports Asian Lite News The Muslim World League has condemned the horrific terror attack in Pahalgam,

Florida Techie Killed in Pahalgam Attack

Bitan was shot dead in the picturesque Baisaran Valley, where terrorists opened indiscriminate fire on civilians, most of them tourists…reports Asian Lite News In one of the deadliest terror attacks in Jammu

US Vice President Visits Agra

Security arrangements in Agra were heightened ahead of the high-profile visit, with personnel deployed along key routes and near tourist locations. U.S. Vice President J.D. Vance, along with his wife Usha Vance
Go toTop

Don't Miss

Controversy dogs PLA Rocket Forces

China has stepped up the anti-corruption purge into People’s Liberation

Hasina’s Beijing Bust

Hyped as a visit to secure $5 billion in loans