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India-Japan trade pact talks in February

December 26, 2008 00:00:00


NEW DELHI, Dec 25 (PTI): Trade officials of India and Japan will make another attempt in February to resolve some of the ticklish issues blocking the tariff-breaking bilateral pact.
Indian Commerce Ministry officials will go to Tokyo and get engaged with their Japanese counterparts in their effort to bridge the gaps over issues like recognition of Indian pharmaceutical products by Japan.
India is keen on gaining market access through a free trade agreement for the 19-billion-dollar pharmaceutical industry in Japan, which is one of the major importers in the world.
The problem faced by the Indian pharmaceutical firms in Japan is that their products are not recognised by Tokyo in terms of quality and safety standards despite the approval by the US authorities.

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