Home / Knowledge / News / Textiles / CEPA with Japan to get finalized in December
CEPA with Japan to get finalized in December
Sep '08
India finally struck a deal with Japan which is likely to give a further boost to its economy especially since there lies immense potential between the two nations that still needs to be tapped.

For instance, bilateral trade between the two economies presently stands at about US $4 billion but is expected to touch a mark five times higher i.e., $20 billion by 2010 after the Comprehensive Economic Partnership Agreement (CEPA) gets finalized in December this year.

CEPA will be instrumental when it comes to deeper market penetration in items like textiles, especially since Japan spends US $23 billion in textile imports. The CEPA is expected to align bilateral trade more in accordance with India's established comparative advantage and assisting it in better market penetration by offering innumerable trading opportunities.

However, full potential can be realized only if bilateral trade is catalyzed by dual combination of Japanese FDI in India and continued trade liberalization. This would immensely increase the volume of bilateral trade in capital goods and components like in the processing sector.

It was revealed during a JIBCC-FICCI Business Summit held in Tokyo that Japan's share in India's global trade was mere 2.3 percent in 2006-07 and is now standing at around 5 percent.

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

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

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


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search