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Commerce and Industry Minister says steps have been taken to sort out the implementation issues related to CEPA and improve bilateral trade as well as trade balance with Japan

News and Press Release - Dated:- 6-10-2016 - Commerce and Industry Minister Smt. Nirmala Sitharaman has said that steps have been taken to sort out the implementation issues related to CEPA and improve bilateral trade as well as trade balance with Japan. Speaking at the seminar on promoting India s exports to Japan under India-Japan CEPA and release of RIS report on India-Japan CEPA in New Delhi today she said Japan is one of the closest and most reliable trade partners of India and we recognise .....

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l advantage. The Minister said the Comprehensive Economic Partnership Agreement i.e. CEPA between India and Japan came into force on 1st August, 2011 and is one of the most comprehensive agreements concluded by India. She said Bilateral trade between India and Japan pre-CEPA in 2010 was 10.4 USD billion and currently in 2016 stands at 14.5 USD billion. However, trade deficit of India with respect to Japan has also increased from 3.1 USD billion pre CEPA to 5.2 USD billion post CEPA The Minister .....

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