New Delhi: Trade between India and Japan is poised to double by 2010 from the current $7.5 billion, according to the Confederation of Indian Industry (CII).
This could be achieved if both the countries look at raising the number of items that India exports to Japan under the Comprehensive Economic Partnership Agreement (CEPA), which is currently under negotiation, CII said in its study. India mainly exports gems and jewellery, marine products, minerals and textile products to Japan. Exports could be increased substantially as Japan has very low import duties on most goods.India imports machinery, transport equipment, electronic goods, chemicals and metal products from Japan.
This could be achieved if both the countries look at raising the number of items that India exports to Japan under the Comprehensive Economic Partnership Agreement (CEPA), which is currently under negotiation, CII said in its study. India mainly exports gems and jewellery, marine products, minerals and textile products to Japan. Exports could be increased substantially as Japan has very low import duties on most goods.India imports machinery, transport equipment, electronic goods, chemicals and metal products from Japan.
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