Japan, India Prepare To Sign Free Trade Pact

Law360, New York (September 9, 2010, 1:49 PM EDT) -- Japan and India have reportedly agreed to sign a bilateral free trade deal that would nix tariffs on 94 percent of goods traded between the two countries within 10 years.

Foreign Minister Katsuya Okada told reporters in Tokyo on Thursday that he hoped the free trade agreement would boost the two countries' economic ties “dramatically,” the Kyodo News reported. Okada said he wouldn't be surprised if the amount of trade increases “tenfold.”

The deal comes in the wake of negotiations that began in 2007, and Japan...
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