Why is it in the news?
The 7th Joint Committee Meeting under the India–Japan Comprehensive Economic Partnership Agreement (CEPA) was held in Tokyo.
The meeting reviewed the implementation of the agreement and discussed enhancing bilateral trade.
Category: IR
Important Points:
● India–Japan CEPA came into force in August 2011.
● It covers trade in goods, services, investments, intellectual property rights and movement of natural persons.
● The agreement aims to eliminate tariffs on more than 94% of traded items over ten years.
● The joint committee reviews implementation issues and trade barriers.
● Discussions also covered improving the bilateral business environment.
● The meeting discussed preparations for the WTO’s 14th Ministerial Conference in March 2026.
● CEPA is one of the key frameworks guiding India–Japan economic relations.
● The agreement aims to promote trade expansion and investment flows between the two countries.