Japan and India head for broad economic alliance, nuclear pact

By Jonathan Day
0 CommentsPrint E-mail Xinhua, October 26, 2010
Adjust font size:

As Tokyo's three day courting of Indian leader Manmohan Singh comes to an end Tuesday and Singh prepares to leave Japan for Malaysia and thereafter Hanoi in Vietnam for the India-ASEAN as well as East Asia summits, the Indian premier must certainly be feeling that the annual Japan- India summit was a job well done.

India's Prime Minister Manmohan Singh (L) and Japanese Prime Minister Naoto Kan attend a joint news conference in Tokyo Oct 25, 2010. Japan and India pledged closer strategic ties between Asia's second and third biggest economies in talks on Monday.[Agencies]

India's Prime Minister Manmohan Singh (L) and Japanese Prime Minister Naoto Kan attend a joint news conference in Tokyo Oct 25, 2010. Japan and India pledged closer strategic ties between Asia's second and third biggest economies in talks on Monday.[Agencies] 

Japanese Prime Minister Naoto Kan and his Indian counterpart brought to an end almost four years of talks on a free-trade agreement between the two nations and reached a formal accord on a bilateral economic partnership, which will vastly liberalize trade and investment.

The announcement of the conclusion of the Comprehensive Economic Partnership Agreement (CEPA) between Tokyo and New Delhi described a deepening, strategic global partnership between Japan and India that will see a wide range of tariffs on products ranging from car components and electronic goods to bonsai plants and food products abolished.

Indeed, commentators maintain that the move is far broader than a free-trade agreement, and that the CEPA is indeed more akin to a comprehensive pact on economic and trade cooperation that also includes actively promoting bilateral investments, which aside from financial provisions will also afford India the opportunity to send more workers to Japan.

Singh described the deal, pegged to be signed at the end of the year and submitted to the Diet early next year for ratification, as an historic achievement that signals the economic alignment of two of the largest economies in Asia. He added that the move will act to open up new business opportunities and lead to what he described as a "quantum increase" in trade and investment flows between the two countries.

Strategic ambitions

The CEPA will effectively do away with tariffs on 94 percent of two-way trade in 10 years after the pact takes effect.

The tariffs to be abolished include those on Indian exports of car components, DVD players, video cameras, peaches and strawberries to Japan, while Japan would improve access to most industrial products, as well as durian, curry, tea leaves and shrimp.

As well as the two countries inking a memorandum of understanding on visa simplification aimed at increasing tourism, educational exchanges and, somewhat pertinently from Japan's stance, the deal also covers areas such as intellectual property rights and the facilitation of human exchange.

1   2   3   Next  


Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 天堂mv在线看中文字幕| 日本漫画大全彩漫| 偷自拍亚洲视频在线观看99| 草莓app在线观看| 国产成人精品A视频一区| 521a成v视频网站在线入口| 精品伊人久久大线蕉色首页| 国产免费久久精品| 日本免费a视频| 国产精品无码V在线观看| 99精品免费观看| 人妻无码久久中文字幕专区| 精品久久久久久久久中文字幕 | 亚洲精品国产综合久久久久紧| 精品人妻中文字幕有码在线| 国产60部真实乱| 萌白酱视频在线| 国产午夜视频高清| 黄网站色视频免费观看45分钟 | 亚洲第一性网站| 狠狠色婷婷久久一区二区| 免费看国产一级特黄aa大片| 美女AV一区二区三区| 国产91po在线观看免费观看| 被男按摩师添的好爽在线直播| 国产女同志videos| 黄页网站免费在线观看| 国产无遮挡又黄又爽免费网站 | 四虎影院一级片| 色yeye香蕉凹凸视频在线观看 | 国产精品人成在线播放新网站| 91精品久久久久久久久久 | 国产精品99久久免费| **aaaaa毛片免费同男同女| 国产网站在线看| 91华人在线视频| 国产限制级在线观看| 91欧美精品综合在线观看| 国内自拍成人网在线视频| 99国内精品久久久久久久| 在线观看中文字幕|