April 27, 2021
On April 27, Mr. Kajiyama Hiroshi, Minister of Economy, Trade and Industry attended an Australia-India-Japan Economic Ministers' Meeting held via video conference. Also attending were Australia's Minister for Trade, Tourism and Investment H.E. Dan Tehan and India's Minister of Commerce and Industry H.E. Piyush Goyal.
On April 27, Minister Kajiyama attended an Australia-India-Japan Economic Ministers' Meeting held via video conference. At the meeting, the Ministers discussed cooperation on enhancing supply chain resilience.
The three Ministers shared information on the measures their countries' have taken and considerations toward increasing supply chain resilience since the Economic Ministers' Meeting last September.
They also all recognized that in order to enhance the resilience of supply chains in the region, it will be necessary to promote coordinated measures by both businesses and governments, and for Japan, Australia, and India to advance projects in cooperation with each other.
Following that, the Ministers launched the "Supply Chain Resilience Initiative (SCRI)," which aims to create a virtuous cycle of enhancing supply chain resilience with a view to eventually attaining strong, sustainable, balanced and inclusive growth in the region. They also decided to convene at least once a year to discuss matters such as the implementation and development of the initiative.
The Joint Statement has been issued based on the results of the meeting. (See the attachment.)
- Joint Statement on the Supply Chain Resilience Initiative by Australian, Indian and Japanese Trade Ministers (PDF:119KB)
Division in Charge
Southwest Asia Office, Trade Policy Bureau