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Tap Japan pact to cut trade deficit, says Sitharaman

The CEPA has recently been under review with India raising the issue of greater market access for marine products and pharmaceuticals

Subhayan Chakraborty  |  New Delhi 

Indian firms should leverage its trade pact with Japan to increase exports and bridge the widening trade deficit, Commerce and Industry Minister Nirmala Sitharaman said on Thursday. Coming into force in 2011, the Comprehensive Economic Partnership Agreement (CEPA) is one of the most comprehensive pacts India has signed. It covers a diverse set of areas apart from merchandise trade, including services, rules of origin, intellectual property rights, government procurement and customs procedure. This had pushed up bilateral trade between the nations from $10.4 billion in 2010 to $14.5 ...

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First Published: Fri, October 07 2016. 00:29 IST
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