Strengthening global alliances: Japan and Germany forge new economic security partnership to counter rising threats to international order!
The leaders of Japan and Germany have recently reached an agreement. Again, consultations on the economic security framework would be set up in a bid to counter the restrictions put up by China for exporting its essential mineral resources.
The Japanese government also noted that the new framework would involve officials at the council level from its Foreign Ministry and Economy, Trade, and Industry Ministry, but on the Japanese side, and their counterpart German Ministry of Economy and Climate Protection.
Learn how their cooperation will shape the future of trade, defense, and emerging technologies.
Both countries have plans to deepen supply chain cooperation over vital minerals and semiconductors.
The two sides will also cooperate on research and development for the next-generation “6G” high-speed telecommunications standard, as well as on developing international rules involving areas of concern, including Artificial Intelligence AI and cyberspace.
In the security and defense area, enforcement of the Acquisition and Cross-servicing Agreement, or ACSA, from July 12 effectively enables the exchange of supplies between the Self-Defense Forces and the German Armed Forces.
The new economic security consultation framework aims to promote cooperation in the face of growing international threats.
The German Air Force will conduct more direct training with the Air Self-Defense Force in the country later this month, amidst joint exercises.
The two-plus-two foreign and defense ministers will be held in Japan, with both sides agreeing to work toward deciding to hold the meeting as soon as possible.
According to Alexandra Sakaki, deputy head of the Asia research division of the German Institutes for International and Security Affairs, SWP, increased cooperation is intended to make sure that China will not undermine the free-trade system with its understanding of fair and transparent cooperation.
“The concern in both countries, for example, is industrial subsidies that cause the market price to fall and make it difficult for the international competitors to remain in the market.
She said Tokyo and Berlin are also worried that Beijing may use its economic coercion to coerce them to fulfill its political demands.
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