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National
India-Japan trade talks resume after five years
By Our Special Correspondent
NEW DELHI,
FEB.13.
India and Japan today resumed trade talks after a five-year hiatus with both sides expressing the hope that bilateral trade and investment will pick up following economic recovery in both countries.
With India set for an 8 per cent growth this year and Japan emerging out of a decade-long recession, trade officials feel the stage is set finally for a spurt in both trade and investment.
Briefing newspersons, the Japanese Embassy spokesperson Reiichiro Takahashi denied that the five-year gap in holding talks was entirely due to the chill in ties following the Pokhran blast in 1997.
He said the economic slump in Japan and the overwhelming interest in the Chinese market were also major reasons. Noting that the Indian market had been overlooked by the Japanese business in the past, he said the situation has now changed as India is being viewed as one of the emerging economic giants.
The delegations to the 15th round of trade talks were led by the Deputy Minister for Foreign Affairs, Ichiro Fujisaki on the Japanese side and by Special Secretary, Commerce Ministry, S.N. Menon on the Indian side.
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