708-Chaudhari Technical Institute, Gandhinagar - Gujarat ...

ventures with their Indian counterparts. Mr Kawaguchi said after the signing of
the Comprehensive Economic Partnership Agreement (CEPA) in February
last year that there has been a visible change in the two-way trade.
Under the CEPA, Japan eliminated tariffs on 87 per cent of its tariff lines. Over
the next decade, it would remove import tariffs in a phased manner on nearly
97 per cent of the tariff lines. Iron, steel, zinc, aluminum and copper items
from India can pass through with zero duty into Japan.
Industrial and automotive components form a substantial part of the exports to
Japan.
“Japan is looking for outsourcing opportunity in India,” he said. Japanese
company be as well keen to set up manufacturing basis in India.
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