EU Eyes Deeper Economic Security Partnership with Japan
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BRUSSELS –
Teh European Union is actively seeking to strengthen economic cooperation with Japan, especially in areas critical to future industrial competitiveness adn security, according to statements made by European Commission Executive Vice President Stephane Sejourne on Friday. the announcement precedes Sejourne’s first official visit to Japan sence assuming his role.
Addressing Global Economic Challenges
Sejourne emphasized the need for a united front with partners who share core values,specifically citing the challenges posed by China’s industrial overcapacity and the potential for protectionist trade measures from the United States,particularly in light of past rhetoric from former President Donald Trump. “The EU needs to cooperate with Japan as partners with shared values,” Sejourne stated, framing the collaboration as essential for navigating a complex global economic landscape.
Focus Areas: Minerals,Batteries,and Biotech
The upcoming visit will prioritize discussions around securing access to critical minerals,bolstering the electric vehicle battery supply chain,and fostering innovation in biotechnology. Sejourne will be accompanied by a delegation of EU business leaders, aiming to facilitate concrete partnerships and investment opportunities in these key sectors. the goal is to establish robust and resilient supply chains less vulnerable to geopolitical disruptions.
Lessons Learned from Energy Dependence
Sejourne underscored the importance of diversifying supply sources and reducing dependence on single suppliers, drawing a direct parallel to the EU’s past reliance on Russian gas. “The EU’s past energy policy of depending on Russian gas was a mistake.Dependence leads to weaknesses,” he cautioned, highlighting the strategic imperative of economic security.
Japan as a Model for Strategic Stockpiling
To address these vulnerabilities, the EU is exploring the establishment of a joint procurement and stockpiling mechanism for strategic materials. sejourne pointed to Japan’s efforts to lessen its reliance on China for rare earth elements – vital components in battery production – as a accomplished model to emulate. This initiative aims to ensure the EU has access to the resources needed to maintain its industrial base and technological leadership.