Washington DC [US], November 15 (ANI): The US, and Japan have agreed to proceed participating with companions within the Indo-Pacific to assist them establish, and cut back financial vulnerabilities to assist their financial growth, resilience, and prosperity.
The two nations plan to stay vigilant and intend to proceed to evaluate the potential impacts of export restrictions on essential minerals which might considerably have an effect on the manufacturing of photo voltaic panels, semiconductors, and different important inputs for electrical autos, computer systems, and sensible gadgets, learn a joint assertion by the Japan-US Economic Policy Consultative Committee.
The joint assertion was launched by the US and Japanese governments on the event of the second ministerial assembly of the Japan-US Economic Policy Consultative Committee.
The assembly was attended by Japan’s Minister for Foreign Affairs Yoko Kamikawa; Japan’s Minister of Economy, Trade and Industry Yasutoshi Nishimura; United States Secretary of State Antony Blinken; and United States Secretary of Commerce Gina Raimondo.
They convened in San Francisco on Tuesday for the second ministerial assembly of the Japan-US Economic Policy Consultative Committee (EPCC).
US, and Japan, within the joint assertion, acknowledged that as Indo-Pacific nations, “we have a shared responsibility to advance peace and prosperity in the Indo-Pacific region. As the region stands vulnerable to economic coercion and non-market policies and practices, it is critical to enhance resilience by building trusted supply chains and promoting open markets and fair competition”.
The two nations stated there’s a must encourage the area to uphold significant labour, social, and environmental protections that appeal to high-quality funding and downstream consumers.
“We also need to encourage regional actors to enhance economic integration with trusted partners. We welcome the significant progress made this year to deepen regional economic cooperation through IPEF and look forward to continuing to work closely with our Indo-Pacific Economic Framework for Prosperity (IPEF) partners to enhance our economic competitiveness in the region and globally,” the joint assertion learn.
During the second ministerial assembly of the Japan-US Economic Policy Consultative Committee, the 2 sides agreed to work collectively to formulate clear, resilient, and sustainable provide chain methods that promote dependable and reliable sources for strategic items and advance environmental protections.
“Through such efforts, we aim to promote a level playing field and counter non-market policies and practices,” the joint assertion learn.
The nations reiterated that measures affecting the free commerce of meals and agricultural merchandise must be primarily based on scientific ideas and substantiated by scientific proof and that restrictions on the imports of Japanese meals merchandise must be instantly rescinded.
“We reaffirm our satisfaction with Japan’s plans to discharge Advanced Liquid Processing System (ALPS) treated water, in light of findings by the International Atomic Energy Agency (IAEA) and other international experts that Japan’s plans are safe, science-based, and transparent,” the joint assertion added.
Both nations acknowledged the reported monitoring outcomes after every discharge up to now, exhibiting that the focus of nuclides together with tritium in seawater and marine merchandise is way beneath internationally recognised requirements. (ANI)