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Investing.com -- The European Union and Japan plan to enhance their collaboration to counter economic coercion and address unfair trade practices, European Commission President Ursula von der Leyen announced on Wednesday.
The statement came following an EU-Japan summit with Japanese Prime Minister Shigeru Ishiba. The timing is significant as the EU faces challenges in finalizing a trade agreement with the United States and ahead of potentially difficult meetings with Chinese leaders scheduled for Thursday.
Von der Leyen emphasized that both parties would work toward strengthening economic security through their partnership.
"We will also work more closely together to counter economic coercion and to address unfair trade practices," she stated during her remarks to reporters.
The European Commission President later added, "We believe in global competitiveness and it should benefit everyone."
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