India-Japan CEPA negotiations concluded, agreement to be signed at ministerial level

The leaders expressed their intention to sign the agreement at the ministerial level and bring it into effect soon after completing necessary formalities.

Who it concerns: The agreement involves the governments of India and Japan. It affects the private sectors of both countries, specifically mentioning Small and Medium Enterprises (SMEs) and infrastructure-related enterprises.

What was agreed

• Conclusion of negotiations for the India-Japan CEPA.
• Intention to sign the CEPA at the earliest at Ministerial level upon completion of formalities.
• Determination to put the CEPA into effect soon after signing and completion of domestic procedures.
• Coverage includes Trade in Goods, Investment, Trade in Services, Movement of Natural Persons, Intellectual Property, Competition, and Improvement of the Business Environment.

Also in the document

• The agreement is described as 'truly comprehensive' due to its wide range of covered fields.
• The CEPA is expected to foster new business opportunities and enhance the competitiveness of private sectors, including SMEs and infrastructure enterprises.