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February 16th, 2008
India-Japan trade is set to treble in three years, according to Indian Ambassador to US Ronen Sen.
India and Japan have set a trade turnover target of USD20 billion by 2010, up from last year`s figure of about USD7.5 billion, in which Japan enjoyed a trade surplus of USD1.7 billion, Sen said in his address to the Japan Society here Friday.
`Recently there has been movement towards overcoming the stagnation of India-Japan trade which was witnessed in the late 90s,` he said, adding that the two countries are working on a Comprehensive Economic Partnership Agreement.
Talking about the US-India agreement on civil nuclear energy cooperation, Sen said `its successful conclusion would give additional momentum to cooperation in other areas of high technology, including biotechnology, nanotechnology and defence technologies`.
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