Asia Bizz: India and Japan have solidified its relations and has signed a free trade agreement for the future. The major boost through this deal will be received in Japan, especially in its economy, which has fallen below China this year. The deal will officially slash out tax tariffs and will boost investments in both nations, plus the intellectual property rights will get more transparent compared to this day.
Japan has been a technological and automotive partner with Indian from the early 80’s, and since then the relations between the two countries has escalated to a new level. The free trade agreement was signed between the Japanese Foreign Minister Seiji Maehara and Indian Commerce minister Anand Sharma.
Sharma was quite happy over the fact, India has entered into such an important trade deal with Japan, and also pointed out that China and India are playing an important role to help developing nations to emerge strongly. For now, this deal is an historic moment for both the countries and they wish to do healthy business in the future.