ISDS Case Map
Japan
Among the FTAs which have affected Indian domestic industry adversely, the India-Korea CEPA, signed in 2009, has been significant.
Despite India’s decision to walk out of the ASEAN-led 15-nation RCEP Free Trade Agreement last month, officials from India’s Indo-Pacific partners Australia and Japan are still discussing the issue in the hope that the government will rethink the decision.
The Japanese government will also be worried about a sluggish economy and there will be no appetite for liberalization measures that impose pain on Japanese businesses.
The United States and Japan will begin consultations early 2020 in order to enter into negotiations on a broader trade agreement.
The Japan-US trade agreement designed to reduce or eliminate a broad range of import tariffs was approved by majority vote of the ruling Liberal Democratic Party and others in the upper house of the Diet.
Japan may refrain from signing an India-less Regional Comprehensive Economic Partnership (RCEP).
Abe seeks to bolster India ties to balance China’s clout.
India and Japan did not make any tangible progress on some of the sticky issues facing both sides, mainly on a breakthrough in the civil nuclear deal, acquisition of Amphibious aircraft or progress in the bullet train project.
Keen to have India back in the Regional Comprehensive Economic Partnership (RCEP), Japan has reached out to New Delhi to help address its concerns including those on trade deficit.
The two Asian powerhouses have recently been locked in a trade dispute but tensions “have de-escalated compared to what the situation was in summer,”
