Japan, India could have trade pact | Latest News India - Hindustan Times
close_game
close_game

Japan, India could have trade pact

None | ByReuters, Tokyo
Jun 16, 2006 11:22 AM IST

Japan is already the fourth largest foreign direct investor in India and the largest institutional investor, Nath said.

Japan and India could establish a free trade agreement by the end of the year, India's commerce minister said on Thursday.

HT Image
HT Image

Closer economic cooperation would be to the advantage of both Asian nations, Commerce and Industry Minister Kamal Nath told reporters during a visit to Tokyo.

Hindustan Times - your fastest source for breaking news! Read now.

"I think by the end of the year we should be able to put an economic partnership agreement with Japan into place," he said, adding that study groups had been discussing the issue for two years and were to make a report in two months.

Japan is already the fourth largest foreign direct investor in India and the largest institutional investor, Nath said.

Nath and his Japanese counterpart Trade Minister Toshihiro Nikai earlier announced an action plan to help smaller Japanese companies invest in India.

"Large Japanese companies have known India, been in India for a long time," Nath said. "But the small and medium-sized enterprises which are a repository of technology and innovation in Japan, we are looking at the Japanese government facilitating them, the Indian government facilitating them to invest in India."

Among other measures, the trade ministry will set up an investment promotion desk for Japanese investors interested in India, the two ministers said in a joint statement.

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Arvind Kejriwal News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, March 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On