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The Dollar Business Bureau Japan on Thursday laid strong emphasis on varied avenues of the bilateral trade between India and Japan. “The two Prime Ministers resolved to transform the Japan-India Special Strategic and Global Partnership into a deep, broad-based and action-oriented one reflecting a broad convergence of their long-term political, economic and strategic goals,” said Masayuki Taga, Consul General of Japan in Kolkata. “This has indicated a broad convergence of long standing economic, political and strategic objectives between the two nations,” Taga said while addressing a session, organised by the Calcutta Chamber of Commerce. The Diplomat said that this is evident that the relations between Japan and India have significantly improved and strengthened in almost all the fields. Due to this, Japan has now ...

The Dollar Business Bureau This February, for the 32nd consecutive month, Japan registered a current account surplus. Information released by Japanese finance ministry shows that the country generated a $25.26 billion current account surplus during February 2017, showing year on year growth. After a slowdown in the beginning of the year due to the Lunar New Year season, Japanese exports rebounded and strengthened the trade balance to $7.3 billion in February, reversing a deficit in the month of January. While exports inched up 11.3% y-o-y to $56 billion approximately, imports stood at around $49 billion, growing marginally y-o-y at 1.2%. Since 2010, this has been the largest monthly trade surplus registered by Japan. These strong trade parameters are under threat from rising energy ...

The Dollar Business Bureau Praising Japan’s increasing role in India’s economic transformation and development, Commerce and Industry Minister Nirmala Sitharaman said Japan and India have been taking adequate measures to implement issues related to the Comprehensive Economic Partnership Agreement (CEPA) and to improve bilateral trade as well as trade balance with Japan. Speaking at a seminar on promoting India’s exports to Japan under India-Japan CEPA, Sitharaman said India - Japan partnership has expanded over the past few years and now the identified complementarities are being harnessed through trade and investments to our mutual advantage. Since CEPA between India and Japan was implemented on August 1, 2011, India’s bilateral trade with Japan has gone up to $14.5 billion in 2016 from $10.4 billion pre-CEPA in 2010. However, India’s ...

The Dollar Business Bureau India has asked Tokyo to give a greater market access to its pharmaceuticals and marine products as it looks to expand its existing trade relations with the third-largest economy. India has also included other items in its list such as sesame seeds, while seeking recognition of the Indian Organic Standards by Japan.  "Though there have been an increase in the number of work visas issued by Japan, after the cooperation agreement came into force, the market share of Indian IT companies in the Japanese IT market still below potential and ways to improve this were discussed," said the department of commerce in a statement, following the third secretary-level meeting of the Joint Committee under the India-Japan CEPA (Comprehensive Economic Partnership ...

The Dollar Business Bureau   As a part of the annual practice of reviewing India’s credit rating system, Japan’s credit rating agency, Ratings and Investment Information (R&I) will be holding discussions with the senior officials of the Finance Ministry on Monday. R&I had given a “BBB” investment grading to India last year, for its ‘stable’ outlook, marking the sufficient credit worthiness of the country. However, the agency specified that India needs to focus on specific factors considering the changing environment globally. A Finance Ministry official said, “The representatives of R&I are coming to India for consultations. The ministry will showcase the steps being taken to contain fiscal deficit and promoting growth on sustained basis.” R&I, is a Japan based rating agency with its headquarters in ...

List of Agencies Authorized to issue Certificate of Origin[Preferential] SlNo Name of the Agreement Authorized Agencies 1 GlobalSystemOf TradePreferences(GSTP) (i) Export Inspection Council(EIC)-for allgoods(ii) Marine Products Export Development Authority (MPEDA)-forMarineproducts(iii) Tobacco Board forTobacco products 2 India SriLankaFree TradeAgreement (ISLFTA) (i) Export InspectionCouncil(EIC)-for allgoods(ii) Marine Products Export Development Authority (MPEDA)-forMarineproducts 3 ASEAN-India Free TradeAgreement (ASEAN-India FTA) (i) Export InspectionCouncil(EIC)-for allgoods(ii) Marine Products Export Development Authority (MPEDA)-forMarineproducts 4 India-Korea ComprehensiveEconomic     Partnership     Agreemen(IKCEPA) ((i) Export Inspection Council(EIC)-for allgoods(ii) Marine Products Export Development Authority (MPEDA)-forMarineproducts 5 India-MalaysiaComprehensive Economic    Cooperation    Agreemen (IMCECA) (i) Export InspectionCouncil(EIC)-for allgoods(ii) Marine Products Export Development Authority (MPEDA)-forMarineproducts 6 India-Japan ComprehensiveEconomic     Partnership     Agreemen(IJCEPA) (i) Export InspectionCouncil(EIC)-for allgoods(ii) Marine Products Export Development Authority (MPEDA)-forMarineproducts(iii) TextilesCommittee–for textilesandmadeups 7 India-AfghanistanPreferentialTradinAgreement (India-AfghanistanPTA) ((i) Export InspectionCouncil(EIC)-for allgoods(ii) Marine Products Export Development Authority (MPEDA)-forMarineproducts 8 South AsiaFree Trade Area(SAFTA) ((i) Export Inspection Council(EIC)-for allgoods(ii) Marine Products Export Development Authority (MPEDA)-forMarineproducts 9 India-Chile      Preferential       TradinAgreement (India-Chile PTA) (i) ...