India on Wednesday said the Comprehensive Economic Cooperation Agreement with Japan will be ready this year
Media Release
Jun. 15, 2006

India on Wednesday said the Comprehensive Economic Cooperation Agreement with Japan that envisages doubling bilateral trade to US$10 billion in three years by expanding the trade basket would be ready by this year.

"I am very happy to notice the substantial progress made in preparing a roadmap for the Comprehensive Economic Cooperation Agreement as per the recommendations of our joint study group," Commerce and Industry Minister Kamal Nath said, speaking at the concluding function of the India-Japan Business Summit here.

The agreement would be ready by the end of this year end and focus areas for enhanced bilateral cooperation would be pharmaceuticals and manufacturing, he said.

The minister also invited Japanese SMEs to tap business opportunities in India.

"We appreciate the Japanese assistance for developing the rail freight corridor between Mumbai and Delhi and Delhi and Kolkata, as also their contribution in building the metro in Delhi.

"This is in keeping with the trend of Japanese investments catalysing transformation of Indian industrial sectos," Nath said.

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