The governments of Japan and India started negotiating a comprehensive Economic Partnership Agreement in January 2007. They concluded the deal in 2011.
last update: May 2012
Shri Kamal Nath, India’s Minister of Commerce and Industry has expressed hope that the India-Japan Comprehensive Economic Partnership Agreement (CEPA) could be concluded during the next round of talks which are scheduled to be held in New Delhi in September 2008.
The Daiichi Sankyo-Ranbaxy Laboratories deal has come as a shot in the arm for India’s Comprehensive Economic Co-operation Agreement (CECA) negotiations with Japan. Indian pharma companies have been unable to break into Japan, the world’s second largest drug market, due to the country’s stringent sanitary and phytosanitary standards, technical barriers to trade (TBT) and environmental norms.
The Indian government has asked industry to come up with an ‘offensive’ list of items of export interest to India in the Japanese market.
India and Japan on Wednesday decided to advance the conclusion of a bilateral Free Trade Agreement (FTA) by mid 2008, six months ahead of previous target.
India is prime "real estate" for Japan, both in economic and defense terms. Most importantly, India is a large consumer market with the potential to increase profits for Japanese corporations.
Prime Minister Shinzo Abe called Wednesday for the rapid completion of a free-trade agreement with India and pledged to help finance a $90 billion freight corridor to spur a doubling of investment in the South Asian nation.
Japanese Prime Minister Shinzo Abe will be taking 200 business executives to India on August 21-23. The two countries have already agreed to forge an economic partnership agreement within two years, and they also have an ambitious plan to build, with Japanese assistance, a $90 billion industrial corridor with state-of-the-art infrastructure linking Delhi and Mumbai.
The second round of negotiations for an India-Japan Comprehensive Economic Partnership Agreement - covering trade, investment and services - will take place in September.
As Japanese trade minister Akira Amari begins his India visit tomorrow, official-level talks on a free trade agreement last week ended with wide differences as New Delhi demanded extra safeguards for its domestic industry but Tokyo opposed such concessions.
Ahead of Japanese Prime Minister Shinzo Abe’s visit here late August, India and Japan have stepped up negotiations on an economic pact and the multi-billion dollar Mumbai-Delhi industrial corridor with Trade Minister Akira Amari beginning a five-day visit here Saturday.