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Negotiations on Indian-Japan CEPA begins

02
Feb '07
The negotiations on India-Japan Comprehensive Economic Partnership Agreement (CEPA) were formally launched here. This First Round of Negotiations which began informally yesterday is spread over 3-days (31 January to 2nd February).

Mr. Masaharu Kohno, Deputy Minister for Foreign Affairs, is leading Japanese delegation while the Indian side is led by Shri G.K. Pillai, Commerce Secretary, in these negotiations. The agenda for discussions include the “Framework of the Negotiations”, the scope and modalities of the negotiations and other major areas such as trade in goods, trade in services and investment.

During the visit of Prime Minister Koizumi of Japan to India in April 2005, the Prime Ministers of the two countries directed that the India-Japan Joint Study Group (JSG) be launched by June 2005 and submit its report within a year. The JSG had recommended that the two countries launch inter-governmental negotiations to develop CEPA.

India's exports to Japan in 2005-06 were valued at US $ 2.4 billion while imports stood at US $ 3.5 billion. Major of Indian exports are gems & jewellery, iron ore, and marine products while major imports from Japan include machinery, electronic oods, iron & steel etc.

Press Information Bureau


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