US and Japan Establish Commercial and Industrial Partnership

Posted by Kelsay Calvaruso on 11/19/21 5:00 PM

On November 15, 2021, in a joint press release, US Department of Commerce Secretary Gina Raimondo and Japan’s Ministry of Economy, Trade, and Industry Minister Hagiuda Koichi announced the establishment of the US-Japan Commercial Industrial Partnership (JUCIP) “to strengthen the competitiveness, resiliency, and security of both economies; to address shared global challenges such as climate change; and to achieve prosperity and maintain a free and fair economic order.”

JUCIP will engage in activities in several areas including:

  • Private sector investment and cooperation;
  • Digital and advanced technology innovation; and
  • Supply chain resiliency for vital industries.

The joint press release can be found here:

Topics: Trade Agreements, Japan

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