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:
