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flag India and Japan seek to balance trade amid a $13.16 billion deficit, focusing on expanding exports and CEPA benefits.

flag India and Japan aim to balance their trade relationship during the 7th CEPA Joint Committee meeting in Tokyo, with India highlighting export potential in textiles, pharmaceuticals, agriculture, and services. flag Commerce Secretary Rajesh Agrawal stressed full use of CEPA benefits, including movement of natural persons, amid a growing trade deficit—$13.16 billion in the current fiscal year—driven by rising Japanese imports. flag Both nations reaffirmed commitment to deepening economic ties and supply chain collaboration.

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