Tokyo [Japan], March 4 (ANI): The seventh Joint Committee Meeting below the India-Japan Comprehensive Economic Partnership Agreement (CEPA) was held on March 2 in Tokyo, Japan. The assembly was co-chaired by Secretary, Department of Commerce, Rajesh Agrawal, Government of India, and the Senior Deputy Minister, Ministry of Foreign Affairs, Government of Japan.
Both sides reviewed points regarding the implementation of the CEPA and deliberated on methods to additional strengthen bilateral financial engagement.
On the sidelines of the assembly, Agrawal, met the Vice Minister of the Ministry of Economy, Trade and Industry (METI). Discussions coated a variety of points, together with bilateral commerce and funding, bettering the enterprise atmosphere, and the upcoming 14th Ministerial Conference of the World Trade Organization (WTO).
During the assembly with the METI Vice Minister, Agrawal highlighted the shared imaginative and prescient articulated by the leaders of each nations throughout the Annual Summit in August 2025 and underscored the necessity to improve and diversify bilateral commerce and funding. He emphasised the sturdy complementarities between the 2 economies–Japan’s strengths in know-how, capital, and superior manufacturing, and India’s expert workforce, giant market, and quickly rising financial system. He harassed the significance of harnessing the total advantages of the CEPA, together with the motion of pure individuals as envisaged throughout the Leaders’ Summit.
Agrawal famous the numerous potential for development in Indian exports to Japan in sectors similar to textiles, prescription drugs, agriculture, and companies. He additionally underlined the significance of attaining a extra balanced bilateral commerce relationship to make sure long-term sustainability.
The Commerce Secretary additional engaged with main representatives of Japanese trade throughout a roundtable interplay. In the night, a Trade and Investment Roadshow was organized by the Embassy of India in Japan in collaboration with the Confederation of Indian Industry (CII) and Keidanren, specializing in selling commerce from India and facilitating larger funding flows from Japanese firms.
Agrawal apprised individuals of India’s conducive coverage atmosphere for commerce and funding, together with ongoing measures to enhance ease of doing enterprise and simplified regulatory processes. He emphasised that the CEPA gives a steady framework making certain tariff certainty and regulatory predictability, thereby fostering a facilitative atmosphere for deeper collaboration between India and Japan as trusted companions in international worth and provide chains. (ANI)