Japan, where Buddhism remains the most famous import from India, aims to treble trade with the sub-continent nation to $20 billion by 2010 for which it has sought early conclusion of an economic partnership pact. Addressing MPs in Parliament, Japanese Prime Minister Shinzo Abe favoured signing of the Economic Partnership Agreement (EPA) soon to firm up relations and raise volume of bilateral trade three-fold. Trade between the two countries in 2006 was about $6.5 billion. I likewise urge the Indian side to give their support to enable the early conclusion of this high quality agreement, he said.
He said bilateral relations are blessed with the largest potential for development, adding that a strong India is in the best interest of Japan and a strong Japan is in the best interest of India. Outlining various fields in which the two countries can cooperate closely, he promised to help India in the field of energy by providing technology. But, he did not mention nuclear power. Japan, which has been one of largest economic assistance providers to India through ODA, also wants to partner India in mega projects like the Delhi-Mumbai industrial corridor being funded by it now.
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