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India and Japan seek to balance trade amid a $13.16 billion deficit, focusing on expanding exports and CEPA benefits.
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.
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.
Both nations reaffirmed commitment to deepening economic ties and supply chain collaboration.
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India y Japón buscan equilibrar el comercio en medio de un déficit de 13.16 mil millones de dólares, centrándose en la expansión de las exportaciones y los beneficios de CEPA.