Tokyo, April 09: Japan and India on Monday opened a second round of talks on a free trade deal that the Asian giants aim to seal within two years, officials said.
The four-day talks follow a first round in New Delhi in February that led to the creation of working groups to focus on trade in goods, services, investment and bilateral cooperation, a Japanese Foreign Ministry official said.
Prime Minister Manmohan Singh and his Japanese counterpart Shinzo Abe pledged in December to conclude the talks within two years, reflecting Tokyo`s desire to strengthen ties with India to compensate for tensions with China.
Japan is seeking cuts to India`s 100 per cent tariffs on vehicle imports and the creation of common rules on investment and services, officials said.
The Indian delegation meanwhile is pressing for deregulation of Japanese customs inspections, cuts to tariffs on shrimp imports and a loosening of visa rules for Indian medical care workers and engineers.
Japan last June lifted a ban on the import of mangoes from India, a long-standing demand.
Bilateral trade between Japan and India hovers at only six billion dollars, compared with the more than 170 billion dollars of trade between Japan and China.
Japan, the world`s second largest economy and a major exporter, has been seeking a growing number of free trade deals against a backdrop of stalled global trade liberalisation talks.
Bureau Report
Resource：www.zeenews.com
＊ Vocabulary Focus ＊
1. New Delhi：n. 新德里（印度首都）
2. bilateral：adj. 雙邊的、雙方的
3. pledge：vt. 保證給予、使保證
4. compensation：n. 補償
5. delegation：n. 代表團
6. deregulation：n. 撤銷管制規定
7. lift a ban：解除禁令
8. hover：vi. 徘徊、停留
9. backdrop：n. 背景
____
By CY.
The four-day talks follow a first round in New Delhi in February that led to the creation of working groups to focus on trade in goods, services, investment and bilateral cooperation, a Japanese Foreign Ministry official said.
Prime Minister Manmohan Singh and his Japanese counterpart Shinzo Abe pledged in December to conclude the talks within two years, reflecting Tokyo`s desire to strengthen ties with India to compensate for tensions with China.
Japan is seeking cuts to India`s 100 per cent tariffs on vehicle imports and the creation of common rules on investment and services, officials said.
The Indian delegation meanwhile is pressing for deregulation of Japanese customs inspections, cuts to tariffs on shrimp imports and a loosening of visa rules for Indian medical care workers and engineers.
Japan last June lifted a ban on the import of mangoes from India, a long-standing demand.
Bilateral trade between Japan and India hovers at only six billion dollars, compared with the more than 170 billion dollars of trade between Japan and China.
Japan, the world`s second largest economy and a major exporter, has been seeking a growing number of free trade deals against a backdrop of stalled global trade liberalisation talks.
Bureau Report
Resource：www.zeenews.com
＊ Vocabulary Focus ＊
1. New Delhi：n. 新德里（印度首都）
2. bilateral：adj. 雙邊的、雙方的
3. pledge：vt. 保證給予、使保證
4. compensation：n. 補償
5. delegation：n. 代表團
6. deregulation：n. 撤銷管制規定
7. lift a ban：解除禁令
8. hover：vi. 徘徊、停留
9. backdrop：n. 背景
____
By CY.
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