Trade ministers of India, Australia & Japan met on supply chains resilience to counter China

September 2, 2020: Australia’s minister for trade, tourism and investment, Simon Birmingham, India’s minister of commerce and industry, Piyush Goyal, and Japan’s minister of economy, trade and industry, Kajiyama Hiroshi held a ministerial videoconference on September 1, 2020, to discuss launching a supply chain resilience in the Indo-pacific region by the end of this year.

The ministers reaffirmed their determination to take a lead in delivering a free, fair, inclusive, non-discriminatory, transparent, predictable and stable trade and investment environment and in keeping their markets open.

Piyush Goyal said, “India wholeheartedly endorses the concept of working towards ensuring a trustworthy, dependable and reliable supply chain in the Indo-Pacific region.”

In light of the Covid-19 crisis and the recent global-scale changes in the economic and technological landscape, the Ministers underscored the necessity and potential to enhance the resiliency of supply chains in the Indo-Pacific region.

Recognizing the pressing need for regional cooperation on supply chain resilience in the Indo- Pacific, the ministers shared their intention to work toward the launch of a new initiative to achieve the objective through cooperation. They instructed their officials to promptly work out the details of the new initiative for its launch later this year. The ministers noted the important role of business and academia in realizing the objective.

The ministers called for other countries in the region, which share the afore-mentioned views, to participate in the initiative.”

Australia-India-Japan Ministers met for a new initiative on Supply Chain Resilience. Like minded nations are now working closely towards trustworthy, dependable and reliable supply chains in the Indo-Pacific region.https://t.co/QzGXBEMS0E pic.twitter.com/pqDt9hylzJ

— Piyush Goyal (@PiyushGoyal) September 1, 2020