They also want to accelerate their decarbonisation efforts in line with their 2030 climate commitments and achieve global net-zero greenhouse gas emissions by 2050 at the latest.
The joint statement was issued after the second ministerial meeting of the US-Japan Economic Policy Consultative Committee.
“We commit to promote public-private collaboration toward this end, including in furtherance of reskilling and workforce development, as well as start-up-friendly ecosystems,” the statement said.
“We also plan to pursue cross-sectoral initiatives to further strengthen business-to-business collaboration between our two countries, including maximising innovation and investment to support the clean energy transition,” it said.
US secretary of commerce Gina Raimondo participated in the meeting along with secretary of state Antony Blinken; Japanese minister of economy, trade and industry Yasutoshi Nishimura; and Japanese foreign minister Yoko Kamikawa.
Both sides aim to address non-market policies and practices that are increasingly used to create and reinforce strategic dependencies and systemic vulnerabilities.
These non-market policies and practices pose a systemic challenge and are deployed strategically, systematically, and in combination to fundamentally skew the playing field, dominate domestic and global markets, and create vulnerabilities in global supply chains, the statement said.
“We are seriously concerned about the wide and evolving range of such policies and practices, which include all forms of forced technology transfer, as well as harmful industrial subsidies and market-distortive practices of state-owned enterprises, including those that create excess capacity,” it noted.
Both sides also support setting up a Blue Dot Network Secretariat to certify quality infrastructure projects.
“We intend to work to strengthen battery supply chains and promote innovative technologies, such as perovskite solar cells, floating offshore wind, and advanced nuclear reactors, including small modular reactors. We intend to support the development of international standards and evaluation methods to grow the global market for secure, sustainable, and resilient clean energy technology while accelerating the deployment of these technologies in our domestic markets this decade,” the statement added.
ALCHEMPro News Desk (DS)
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