EAM: India, Japan partnership has potential to de-risk global economy, Pg11

Key Highlights:

• India and Japan agreed to launch an AI Dialogue and a joint working group on critical minerals in 2026.
• The decisions were made during the meeting between External Affairs Minister S Jaishankar and Japanese Foreign Minister Toshimitsu Motegi in New Delhi.
• Discussions covered deeper economic, maritime, supply chain, technology, and multilateral cooperation.
• Both sides emphasized the importance of strengthening the India-Japan special strategic and global partnership.

Detailed Insights:

• The Economic Security Initiative will include a private sector dialogue to enhance public-private cooperation in economic security.
• The second round of the Economic Security Dialogue, led by FS-Vice Minister, is scheduled for the first half of 2026.
• The AI Dialogue, led by the Foreign Ministries, aims to provide a coherent push to engagement in Artificial Intelligence.
• The joint working group on Critical Minerals will advance cooperation in rare earth elements and critical minerals.
• Discussions also focused on aligning views on global issues and the importance of Quad in the current geopolitical scenario.
• India's vision for the Indo-Pacific aligns closely with Japan's outlook for a "Free and Open Indo-Pacific".
• Both countries recognize the importance of de-risking their economies and the international economy through resilient supply chains and addressing energy, health, and maritime security.

Key Concepts Involved:

• Critical Minerals: Minerals essential for modern technologies and industries, facing supply risks.
• Economic Security: Measures taken by a country to protect its economy from external shocks and vulnerabilities.
• Indo-Pacific: A geopolitical region encompassing the Indian and Pacific Oceans, emphasizing inclusive growth and security.