Home / Knowledge / News / India, Japan set bilateral trade target of US$25bn by 2015
India, Japan set bilateral trade target of US$25bn by 2015
31
Aug '12
Shri Anand Sharma, Union Minister of Commerce, Industry & Textiles met Mr Yukio Edano, Minister of Economy, Trade and Industry (METI) of Japan on the sidelines of 44th ASEAN Economic Ministers (AEM) meeting and related meetings at Siem Reap, Cambodia.

The issues of Delhi-Mumbai Industrial Corridor project and the preliminary study for the Chennai-Bangalore Industrial Corridor were discussed. Shri Sharma briefed his counterpart on the National Investment & Manufacturing Zones and sought Japan’s support for creating the infrastructure in the notified zones.

The modalities of release of fund of USD 4.5 billion were also deliberated upon. The Japanese concern on relaxation of capital regulations was also discussed and Shri Sharma conveyed the significant progress made on the issue. Both the leaders took note of the growing bilateral trade and hoped to achieve trade target of USD 25 billion by 2015. Japan thanked India for support in the Regional Comprehensive Economic Partnership.

The Indian Minister also attended ASEAN plus FTA Partners Consultations. After detailed deliberations it was decided to recommend the guiding principles and objectives for negotiating the Regional Comprehensive Economic Partnership (RCEP) for considerations of leaders during the East Asia Summit in November 2012. RCEP envisages comprehensive economic cooperation amongst ASEAN member states and FTA partners.

The roadmap to RCEP negotiations and guiding approaches for the organization of negotiations were also discussed during the meeting. The meeting took note of the progress in the RCEP working groups. Shri Sharma requested for expeditious work in the working groups on trade in services and investments to ensure finalization of templates and modalities before launching the RCEP as a single undertaking.

Minister Sharma attended the East Asia Summit (EAS) Economic Ministers Meeting. Updates of Economic Research Institute for ASEAN and East Asia (ERIA) activities and current regional and global developments were discussed during the meeting. Shri Sharma called upon all the members for early conclusion of Doha Round of negotiations in WTO.

He explained that early conclusion of Doha Round would greatly assist in bringing out the world economy out of recession and will help in a balanced economic development across the world.

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search