complementarities that exist between the two Asian economies.

♤ Japan's interest in India is increasing due to a variety of reasons including India's large and growing market and its resources, especially the human resources.

♤ The India-Japan Comprehensive Economic Partnership Agreement (CEPA) that came into force in August 2011 is the most comprehensive of all such agreements concluded by India.

♤ CEPA covers not only trade in goods but also Services, Movement of Natural Persons, Investments, Intellectual Property Rights, Custom Procedures and other trade related issues.