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

Textiles | On 23rd Aug 2017

US govt initiates Section 301 investigation of China

The US government has initiated an investigation of China under...

Apparel/Garments | On 23rd Aug 2017

BRC welcomes clarity on goods flow during Brexit

British Retail Consortium (BRC) has welcomed the greater clarity that ...

Textiles | On 23rd Aug 2017

Pakistan minister seeks ideas to boost textile sector

The Pakistani Government will come out with short- and long-term...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search