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India-Japan FTA by 2009

The Statesman | 23 March 2007

India-Japan FTA by 2009

Press Trust of India

TOKYO, March. 22: India and Japan today agreed to work for a bilateral free trade agreement by early 2009, enhance cooperation between their navies to strengthen maritime security and hold their first ever policy dialogue in the energy sector.

Issues relating to free trade, economic and maritime cooperation and Indo-US nuclear deal figured during a series of meetings the visiting external affairs minister, Mr Pranab Mukherjee had with Japanese leaders including Prime Minister, Mr Shinzo Abe.

Mr Mukherjee is on a three-day visit to Tokyo for the first-ever strategic dialogue between India and Japan. As part of the dialogue, he held talks with the Japanese foreign minister, Mr Taro Aso.

Mr Abe said Japan desired closer cooperation with India citing the common values of freedom, democracy, rule of law and human rights that the two countries shared.

Mr Mukherjee told Abe it was important to enhance cooperation between navies of India and Japan to realise maritime security from the viewpoints of energy supply and economic development.

The issue of the planned bilateral Free Trade Agreement came up during Mr Mukherjee’s talks with energy minister. Mr Akira Amari.

Mr Amari was quoted as telling Mr Mukherjee that Japan is seeking to conclude a ‘high quality’ economic partnership agreement, with an FTA at its core, at an early date.

The two ministers also agreed that energy ministers from the two countries will hold their first policy dialogue in the energy sector in Tokyo next month.

 source: The Statesman