India-Japan CECA to Be Finalised

By admin • October 22nd, 2010

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The Comprehensive Economic Cooperation Agreement (CECA) between India and Japan is set to be concluded during Prime Minister Manmohan Singh‘s visit to Tokyo, Japan on Monday. However there will not be any developments on the nuclear supplies pact.

India’s foreign secretary Nirupama Rao said the agreement will “signify the economic alignment of two of the largest economies in Asia and would lead to a marked increase in our business and economic ties”.

Prime Minister Singh is to conclude the Comprehensive Economic Cooperation Agreement with Japan’s Prime Minister Naoto Kan, where they are also expected to discuss Japan’s potential participation in infrastructure projects in India. In particular they are expected to discuss the Dedicated Freight Corridor and Delhi-Mumbai Industrial Corridor. It is hoped that the Comprehensive Economic Cooperation Agreement with Japan will double bilateral trade to $10 billion in three years.

Nirupama Rao did make it clear that the negotiations for a civil nuclear cooperation accord are ongoing but will not be concluded during Manmohan Singh visit to Japan. Prime Minister Manmohan Singh will begin his three-day visit to Japan starting on Sunday.

International Government Affairs and Corporate Relations Consultants for Emerging Markets

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