India eyes bigger Japan market for basmati rice
India plans to pursue expanded trade opportunities for its basmati rice and processed food exports to Japan when the two nations review their Comprehensive Economic Partnership Agreement (CEPA), Commerce and Industry Minister Piyush Goyal announced on Thursday. The issue of basmati rice imports, which are restricted in Japan and subject to duties above certain quantities, necessitates a dialogue with Japanese authorities, Goyal emphasized.
He stated that the Indian government will engage with the Japanese government to explore additional areas of mutual cooperation as part of the CEPA review. Goyal noted that while Japan's restrictions on rice imports are sensitive, processed food presents significant export opportunities for Indian producers, provided they meet Japanese quality and safety standards.
The government is actively seeking to diversify and expand agricultural and processed food exports to high-value markets like Japan through this review. During his four-day visit to Japan, Goyal focused on attracting Japanese investment, strengthening resilient supply chains, advancing technology partnerships, and creating new business-to-business collaboration opportunities between India and Japan.
The minister met with leading Japanese financial institutions to discuss deepening capital flows into India and supporting the country's expanding infrastructure, manufacturing, technology, and financial ecosystem.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
