Japanese, German leaders Agree to Launch Economic Security Consultation Framework; Combating Economic Coercion
BERLIN — Prime Minister Fumio Kishida and German Chancellor Olaf Scholz met in Berlin on Friday and agreed to establish a new bilateral framework for consultations on economic security.
The move is aimed to counter economic coercion, putting pressure on partner countries through trade restrictions and other measures, with China in mind.
At a joint press conference with Scholz following their meeting, Kishida said, “Sharing the recognition that cooperation between Japan and Germany, which share commonalities in industrial structure and advanced technologies, is important for maintaining and expanding a free and fair international economic order.”
The framework is envisaged to involve senior officials of the Foreign Ministry and the Economy, Trade and Industry Ministry on the Japanese side and their German counterparts from the Ministry for Economic Affairs and Climate Action. Measures to strengthen supply chains for semiconductors and other key products are expected to be on the agenda for consultations.
SOURCE: JAPAN NEWS
