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Japan keen to bring better technology to India

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Japanese Prime Minister Yoshihiko Noda said that the country is ready to bring better technology to India by means of collaborations on various projects to strengthen the bilateral relations between the two nations. The pace at which India is growing combined with Japan’s skill in the technology segment may prove to be a mutually beneficial combination, so feels the Prime Minister.
There is a potential to further strengthen the bilateral relationship, and the private sector in both the countries is working on building stronger ties in trade and investment.

Bilateral trade between India and Japan was USD 13.82 billion in 2010-11. India’s exports to Japan mainly includes petroleum, gems and jewellery, transport equipment and machinery, while imports include iron and steel, electronic goods, chemicals and metals.

The two countries have signed a Comprehensive Economic Partnership Agreement. Both the sides expect that it would boost bilateral trade to USD 25 billion by 2014. There is a potential to further strengthen the bilateral relationship, and the private sector in both the countries is working on building stronger ties in trade and investment.

Bilateral trade between India and Japan was USD 13.82 billion in 2010-11. India’s exports to Japan mainly includes petroleum, gems and jewellery, transport equipment and machinery, while imports include iron and steel, electronic goods, chemicals and metals.

The two countries have signed a Comprehensive Economic Partnership Agreement. Both the sides expect that it would boost bilateral trade to USD 25 billion by 2014.

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