Press Release
☷Readout of Secretary Raimondo s Meeting with Minister of Economy Trade and Industry Hagiuda Koichi of Japan
U.S. Department of Commerce ( By Press Release office)
May 04,2022
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Readout of Secretary Raimondo’s Meeting with Minister of Economy , Trade , and Industry Hagiuda Koichi of Japan Export and investment promotion FOR IMMEDIATE RELEASE Wednesday , May 4 , 2022 Office of Public Affairs publicaffairs@doc . gov Today , Secretary of Commerce Gina M . Raimondo and Minister of Economy , Trade and Industry of Japan Hagiuda Koichi convened the first Cabinet - level meeting of the Japan - United States Commercial and Industrial Partnership ( JUCIP ) to assess the work , progress , and achievements of JUCIP since its launch in November 2021 . The Secretary and Minister noted progress facilitated by JUCIP , particularly in the areas of semiconductor supply chains and export controls . During their meeting , Secretary Raimondo and Minister Hagiuda expressed shared intent for JUCIP cooperation on semiconductor supply chains to be based on the principles of open markets , transparency , and free trade , with a shared objective of strengthening supply chain resiliency between the U . S . , Japan , and other like - minded countries across the region . The Secretary also expressed her gratitude to Minister Hagiuda and the Government of Japan for their continued support and feedback that will help advance the launch of the Indo - Pacific Economic Framework . See the joint fact sheet of the first Cabinet - level meeting of JUCIP . Bureaus and Offices International Trade Administration Leadership Gina M . Raimondo

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