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Japan, India to strengthen business ties

02-16-2011 14:04 BJT

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Indian Commerce and Industry Minister Anand Sharma met Japanese Prime Minister Naoto Kan in Tokyo on Tuesday as part of a visit to strengthen business ties between the countries.

Sharma arrived in Japan on Monday, for a 4-day tour aimed at strengthening ties and opening up trade by reducing tariffs. Trade and investment flows with India have lagged as Japanese firms focus on business with China and Southeast Asia.

However, Tokyo and New Delhi did clinch a basic accord in September of last year on an economic partnership agreement, or EPA, to promote two-way trade and investment. That concluded more than three years of wrangling over sticking points such as tariffs on Japanese car parts and tough checks on Indian pharmaceutical goods. Trade between India and Japan in 2009 was 940 billion yen, or over 11 billion US dollars.

India's Trade Minister Anand Sharma (L) shakes hands with Japan's Prime
Minister Naoto Kan prior to their talks at Kan's official residence in
Tokyo February 15, 2011.REUTERS/Shizuo Kambayashi/Pool

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Editor:Xiong Qu |Source: CNTV.CN

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