![BitTorrent [New]](https://s2.coinmarketcap.com/static/img/coins/64x64/16086.png)
Japan and Germany have announced a new era of cooperation to address disruptions in global supply chains and ensure economic security. The two countries have decided to work closely together to overcome the challenges posed by global crises such as the COVID-19 pandemic and the conflict between Russia and Ukraine. In a meeting held in Tokyo, Japanese Prime Minister Fumio Kishida and German Chancellor Olaf Scholz expressed their commitment to working together and sharing their experiences to achieve these goals.
Learning From Global Crises
During their meeting, Prime Minister Kishida and Chancellor Scholz discussed the impact of global crises on the economy, including the COVID-19 pandemic and the conflict between Russia and Ukraine. Both leaders acknowledged the economic dependencies created by these crises and expressed their willingness to learn from them to ensure economic security in the future. This includes developing resilient supply chains and strengthening cooperation based on the rule of law to maintain and strengthen a free international order.
Enhancing Influence in Strategic Areas
Another key area of focus for Japan and Germany is to increase their influence in strategic areas such as semiconductors, chips, and batteries. Prime Minister Kishida highlighted the need for both countries to work together to establish resilient supply chains in these areas and share their experiences to address the challenges of the future. By doing so, they aim to reduce their dependence on other countries for these critical components and ensure their economic security.
Strengthening Cooperation for Economic Security
To ensure economic security, Japan and Germany have agreed to strengthen their cooperation in this area. The two countries will establish a legal framework for bilateral defense cooperation activities to address disruptions in global supply chains and promote economic security. They will also enhance their cooperation based on the rule of law to maintain and strengthen a free international order.
Standing with Ukraine
Finally, Prime Minister Kishida and Chancellor Scholz also discussed the conflict between Russia and Ukraine. They expressed their strong support for Ukraine and agreed to continue imposing strict sanctions on Russia in response to their ongoing attacks. By standing with Ukraine, Japan and Germany are demonstrating their commitment to upholding international norms and promoting peace and stability in the region.
In conclusion, the collaboration between Japan and Germany on economic security demonstrates their commitment to addressing the challenges of the future. By working together, they aim to ensure a more resilient and stable global economy that benefits all countries.
