During the course of the meeting, the Ministers exchanged views on the DMIC project, which is a flagship cooperation project between the two countries, based on the discussion at the Task Force for the DMIC project, co-chaired by Secretary, Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry of India and Vice Minister, Ministry of Economy, Trade & Industry of Japan. The Ministers welcomed the inputs made and interests shown by the business leaders from both countries.
The Ministers reaffirmed the importance of facilitating the business and technology match making between the two countries in a range of sectors that include food processing and other manufacturing industries.
The Ministers welcomed the MOU between the Confederation of Indian Industries (CII) and the Japan External Trade Organisation (JETRO) signed on July 2, 2007 which aims to facilitate closer business interaction between enterprises in India and Japan.
The Ministers reviewed the status of India-Japan Economic Partnership Agreement (EPA) / Comprehensive Economic Partnership Agreement (CEPA) negotiations and directed the negotiators to expedite the conclusion of negotiations within the agreed timeframe.
The Ministers discussed some of the outstanding trade-related issues between India and Japan and decided that the relevant authorities on both sides need to continue the dialogue for satisfactory resolution of these issues.
Press Information Bureau Government of India
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