India Asked for more Market Access from Japan during the Visit of Anand Sharma

The Union Minister of Commerce and Industry, Anand Sharma during his two day visit to Japan from 17 to 18 May 2013 sought more market access for Indian exporters in sectors like agriculture, marine and pharmaceutical products in Japan. During his visit to Japan, Anand Sharma expressed concern towards the mounting trade deficit, with Japanese Prime Minister Shinzo Abe and Foreign Minister Fumio Kishida in Tokyo.

It is projected that the Japanese pharmaceutical market will touch 100 billion US dollar and in providing affordable healthcare, the Indian generics can play a key role in providing affordable healthcare. In 2012-13 trade deficit of India with Japan measured to 6 billion dollar.

The two day visit is targeted towards a comprehensive review of the bilateral economic engagement with Japan. Anand Sharma apprised Shinzo Abe about the successful implementation of the Delhi Mumbai Industrial Corridor (DMIC) project, which was conceptualized during his visit of to India in 2007. During his meet with the Foreign Minister Fumio Kishida expressed satisfaction on the healthy growth of trade after the signing of Comprehensive Economic Partnership Agreement (CEPA) between the two countries