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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 (www.caspianenergy.net) 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.

More details: http://europa.eu/rapid/press-release_IP-18-6160_en.htm

Person in charge of the newsline: Olga Nagiyeva 

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