Foreign Secretary Vikram Misri co-chaired the second round of the India-Japan Economic Security Dialogue in Tokyo on Tuesday, underscoring the deepening strategic partnership between the two nations. The dialogue, which was held in a hybrid format, brought together senior officials from both countries to discuss ways to enhance economic security and resilience in the face of global challenges.
Key Areas of Discussion
The discussions covered a wide range of topics, including supply chain resilience, critical and emerging technologies, and economic cooperation in the Indo-Pacific region. Both sides emphasized the importance of diversifying supply chains and reducing dependencies on single sources, particularly in sectors such as semiconductors, rare earths, and pharmaceuticals.
Supply Chain Resilience
A major focus of the dialogue was on strengthening supply chains to withstand disruptions caused by geopolitical tensions and natural disasters. India and Japan agreed to collaborate on building more robust and transparent supply chains, especially in strategic industries. The two countries also explored opportunities for joint investments in third countries to enhance regional connectivity.
Technology Cooperation
The dialogue also delved into cooperation in critical and emerging technologies, including artificial intelligence, quantum computing, and cybersecurity. Both sides recognized the need to develop common standards and frameworks to ensure the responsible use of these technologies. They also discussed ways to promote innovation and entrepreneurship through bilateral partnerships.
Economic Security in the Indo-Pacific
India and Japan reaffirmed their commitment to a free and open Indo-Pacific, based on the rule of law and respect for sovereignty. They agreed to work together to counter economic coercion and promote fair competition. The dialogue also touched upon the importance of infrastructure development and connectivity projects that adhere to international norms.
Outcomes and Next Steps
At the conclusion of the dialogue, both sides expressed satisfaction with the progress made and agreed to continue the conversation through regular consultations. They also decided to set up working groups to follow up on specific areas of cooperation, such as supply chain mapping and technology transfer. The next round of the dialogue is expected to be held in India later this year.
The India-Japan Economic Security Dialogue is a key component of the broader strategic partnership between the two countries, which also includes cooperation in defense, space, and energy. The dialogue reflects the shared vision of both nations for a stable and prosperous Indo-Pacific region.
