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India-Japan trade pact to boost textile exports

from SME Times

Indian exporters have hailed the the signing of the landmark India-Japan Comprehensive Economic Partnership Agreement (CEPA) as the bilateral trade pact is likely to boost exports, particularly from the textile, pharma and service sectors. Industry body FICCI said that the CEPA between India and Japan would open up new market opportunities for Indian business in both goods and services. "As the majority of Japan's non-agricultural tariff lines would see immediate duty elimination for exports from India, with a strategic approach India could significantly improve its share in Japan's total imports from the existing low level of 0.7 percent," FICCI Secretary General Amit Mitra said. more

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