Japan, EU ministers endorse digital trade principles

TOKYO, June 27 (KUNA) -- Japan and European Union (EU) on Tuesday endorsed the "Japan-EU Digital Trade Principles," while noting that a high level of cooperation has been achieved between Japan and the EU, which share fundamental values, the Japanese Foreign Ministry said.

The online Japan-EU High-level Economic Dialogue was attended by Japan's Foreign Minister Yoshimasa Hayashi and Economy, Trade and Industry Minister Yasutoshi Nishimura, as well as Executive Vice President of the European Commission for an Economy that Works for People, and European Commissioner for Trade Valdis Dombrovskis, the ministry said in press release.
In the meeting, Hayashi, Nishimura and Dombrovskis welcomed the progress of comprehensive cooperation between Japan and the EU in the field of economic security, it said.
The three officials also discussed such issues as addressing economic coercion, and building resilient supply chains, including cooperation in the context of the Group of Seven (G-7). They also exchanged views on issues of mutual interest between Japan and the EU regarding trade of agricultural products.
Meanwhile, the two sides confirmed that the World Trade Organization (WTO) should continue to be the cornerstone of a rule-based, free and fair trading system, and shared the view to work closely between Japan and the EU toward the success of 13th Ministerial Conference (MC13) next year. (end) mk.mt.