The governments of Japan and India started negotiating a comprehensive Economic Partnership Agreement in January 2007. They concluded the deal in 2011.
last update: May 2012 Photo: Government of India, licensed under the Government Open Data License - India (GODL)
Commerce and Industry Minister Anand Sharma on Friday said India and Japan will be able to conclude their proposed bilateral free trade pact to liberalise commerce this year.
Amid fresh talks on the India-Japan free trade agreement (FTA), concerns are being expressed about certain measures that could hamper generic drugs and access to medicines.
India and Japan will start a fresh round of talks on a free trade agreement on 29 September after discussions in January remained inconclusive because the countries failed to find common ground on a few contentious issues.
Japan is lobbying India through an FTA to make patent infringement a criminal liability, whereby the state will be obliged to taken action against generic drug companies.
India is set to ask Japan to facilitate the entry of Indian pharmaceutical companies in the world's second-largest drug market. The matter will be raised when the two sides discuss a bilateral comprehensive economic partnership agreement.
The negotiations for the India-Japan Comprehensive Economic Partnership Agreement (CEPA) have gained momentum with the two sides moving towards a deal on allowing Indian companies that make low-cost drugs to sell in Japan.
The comprehensive economic partnership agreement (CEPA) being negotiated between India and Japan has hit a roadblock with the latter
proposing that five of its banks be given qualified full banking (QFB) status by India. On its part, though, Japan is not keen on offering similar status to Indian banks on the ground that they don't measure up to Japanese standards.
India and Japan have made "substantative progress" in their negotiations on the proposed Economic Partnership Agreement (EPA), says Prime Minister Taro Aso but the pact is unlikely to be signed during Prime Minister Manmohan Singh's visit to Tokyo.