The
details of bilateral trade carried out between India and Japan during the last
three years and the current year is given below:-
(value in US $ million)
|
Year
|
Exports
|
Imports
|
Total
Trade
|
|
2010-11
|
5,092.15
|
8,632.03
|
13724.17
|
|
2011-12
|
6,330.22
|
11,965.38
|
18,295.60
|
|
2012-13
|
6,101.24
|
12,412.29
|
18,513.54
|
|
2013-14
(upto Dec’13)
|
5,164.13
|
7,310.44
|
12,474.57
|
The CEPA Agreement
between India and Japan signed in Feb.,2011 and entered into force in August,
2011 is expected to double the India-Japan Bilateral Trade to US$ 25 billion by
2014.
The Prime Minister of
Japan, Mr. Shinzo Abe visited India on an official visit during 25-27 January,
2014 and held extensive talks with Prime Minister Dr. Manmohan Singh during
their Annual Summit on bilateral, regional and global issues on 25th
January, 2014.
Comprehensive Economic
Partnership Agreement (CEPA) between India and Japan has deepened the bilateral
economic relations and both countries would continue to work closely to further
expand trade in goods and services as well as investments by Japanese companies
in NIMZs and in India-Japan joint projects such as the Delhi-Mumbai Industrial
Corridor (DMIC) and the Chennai-Bengaluru Industrial Corridor (CBIC).
Indian Shrimps exporters
would benefit from relaxation of Maximum Residue levels (MRL) of Ethoxyquin on
Shrimps by Japan to 0.2ppm with effect from 21st January, 2014.
The information was given by
the Minister of State in the Ministry of Commerce and Industry Dr. E.M.
Sudarsana Natchiappan in Rajya Sabha today.
******
DS/SJM