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    Even after a decade, the India-Japan free trade deal has not worked. Why?

    Synopsis

    Japan is the only G7 country with which India has a trade agreement. But India’s share in merchandise exports to Japan has hardly improved, making the case for a review of the deal.

    In May, on the sidelines of a G7 summit in Hiroshima, Prime Minister Narendra Modi discussed with his Japanese counterpart Fumio Kishida ways to boost bilateral cooperation in various areas. One subject that warrants discussion is the Comprehensive Economic Partnership Agreement (CEPA) between the countries.This free trade agreement (FTA), signed in 2011, aims to eliminate tariffs on 90% of Japanese exports to India (such as auto parts and
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    The Economic Times