Caspian Energy Journal Caspian European Club
Tuesday, 23 October 2018 13:00

EU, Japan discuss economic cooperation

EU, Japan discuss economic cooperation

The EU and Japan held on Monday in Tokyo the 1st EU-Japan High-level Industrial, Trade and Economic Dialogue. The discussions covered a range of strategic topics of importance for EU-Japan relations and their cooperation in addressing global challenges. The High-Level Dialogue focused on four main areas: global trade challenges; economic transformations linked to energy, environment and climate change issues; international investment and connectivity initiatives; and the digital economy, Caspian Energy News ( reports with reference to the press statement of the European Commission.

This Dialogue is a specific platform for strategic discussions whose establishment was endorsed by the 25th EU-Japan Summit held on 17 July 2018. The Dialogue was held by between Minister of Economy, Trade and Industry Hiroshige Seko and Minister for Foreign Affairs Taro Kono, as co-chairs on the Japanese side, and the European Commission's Vice-President for Jobs, Growth, Investment and Competitiveness Jyrki Katainen.

Both sides confirmed the EU and Japan's commitments to aim for the early entry into force of the EU-Japan Economic Partnership Agreement.

Both sides discussed the latest developments in global trade and their relations with key partners, with a view to exploring common strategic approaches. This includes work on proposed avenues to reform the WTO by addressing the challenges facing the WTO Appellate Body, updating the WTO rule-book, strengthening notification requirements and regular committee activities, on all of which the EU and Japan will cooperate closely together in order for the organisation to respond urgently to today's challenges.

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Person in charge of the newsline: Olga Nagiyeva 

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