Mumbai: Japan and India will commence talks on
a comprehensive free trade deal next week. Bilateral
trade between Japan and India in 2005 was approximately
$6.2 billion; trade between Japan and Chin in comparison
was $173.4 billion in the same year.
Japanese delegation will visit New Delhi on 31 January
for a three-day initial meeting on how to proceed with
to Japanese foreign ministry official Satoshi Isono
the two countries will work towards lowering the tariffs
on the trade of goods between the two countries to increase
said Japan would do its best to make the talks successful
"as India is a huge frontier for Japanese business."
talks follow an agreement in Tokyo in December between
prime minister Dr Manmohan Singh and his Japanese counterpart
Shinzo Abe to conclude free-trade talks within two years.
has attached a top priority to forging closer ties with
India to compensate for frequent tensions with China.
its priorities, Japan wants India to lower its 100 per
cent tariffs on vehicle imports and establish common
rules on investment and services.
in turn, has expressed interest in Japan deregulating
cutting tariffs on shrimp imports and loosening visa
rules for Indian medical care workers and engineers.