♤ The CEPA envisages abolition of tariffs over 94% of items traded between India and Japan over a period of 10 years.

♤ In the Financial Year (FY) 2015-16, India-Japan trade reached US$ 14.51 billion, showing a decrease of 6.47% over FR 2014-15, when the total bilateral trade was US$ 15.51 billion. The bilateral trade in the period April-September 2016 was US$ 6.48 billion. India’s export to Japan for 2015-16 was US$ 4.66 billion; whereas India’s Import from Japan for 2015-16 was US$ 9.85 billion.

1.2.1. Bilateral Assistance and Investment