Comprehensive Economic Partnership Agreement between Japan and the Republic of India Notification

The Comprehensive Economic Partnership Agreement (CEPA) between Japan and the Republic of India is an important trade agreement that was signed in 2011. This notification marks an important step in the implementation of this agreement, which is designed to promote trade and investment between the two countries.

The CEPA between Japan and India covers a wide range of trade and investment-related issues, including trade in goods, services, and investment. The agreement seeks to reduce or eliminate tariffs and non-tariff barriers between the two countries, thereby promoting the free flow of goods, services, and investment.

Under the CEPA, Japan has agreed to reduce or eliminate tariffs on a wide range of goods exported from India, including automobiles, auto parts, iron and steel products, and textiles. India, in turn, has agreed to reduce or eliminate tariffs on Japanese products such as automobiles, electronic goods, and machinery.

The agreement also covers trade in services, with both countries agreeing to open up certain sectors to each other. For example, Japan has agreed to allow Indian companies to provide IT and other services, while India has agreed to allow Japanese companies to operate in the financial services sector.

The CEPA also includes provisions on investment, with both countries agreeing to protect the rights of investors and to promote investment flows between the two countries. This includes provisions on the protection of intellectual property rights, as well as measures to promote transparency and predictability in the investment environment.

Overall, the CEPA between Japan and India is an important agreement that is designed to promote trade and investment between the two countries. By reducing or eliminating tariffs and non-tariff barriers, the agreement seeks to promote the free flow of goods, services, and investment, thereby contributing to the economic growth of both countries. This notification marks an important step in the implementation of this agreement, and it is hoped that it will lead to increased trade and investment between Japan and India in the years to come.

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