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India-Japan sign a FREE trade agreement

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  • #16
    Originally posted by abhay.sawhney View Post
    Feb 16, 2011, 10.35am IST

    TOKYO: Japan and India signed on Wednesday a bilateral free trade agreement that would abolish duties on more than 90% of trade for 10 years.

    Japanese foreign minister Seiji Maehara and Indian commerce and industry minister Anand Sharma concluded the pact in a ceremony at the foreign ministry in Tokyo.

    India, Japan sign free trade agreement - The Times of India
    Originally posted by A-mod View Post
    Here's the article posted in TOI today.

    TOKYO: Japan and India signed on Wednesday a bilateral free trade agreement that would abolish duties on more than 90% of trade for 10 years.

    Japanese foreign minister Seiji Maehara and Indian commerce and industry minister Anand Sharma concluded the pact in a ceremony at the foreign ministry in Tokyo.

    The pact will "promote a strategic partnership between the two countries so that they can establish win-win relations and achieve growth", Maehara said.

    Sharma said the pact "provides an overarching framework to promote our economic cooperation, both trade and investment, which will be rewarding for both India and Japan".

    "We have noted in our mind that this will usher in a new era of economic engagement, which will bring development, innovation and also prosperity in both of our societies," he said.

    The deal would eliminate tariffs on 90 percent of Japanese exports to India, such as auto parts and electric appliances, and 97% of imports from India, including agricultural and fisheries products, until 2021, the Japanese government said.

    The two countries have been negotiating since January 2007.

    Japan and India are also to continue talks on lifting employment restrictions to allow Indians to work in Japan as nurses and care givers. Japan, which is bracing itself for increasing health care requirements as its population ages, hopes to conclude the talks within two years, the government said.

    Does auto parts imply only spares or CBUs ???
    does anyone know xactly all d clauses of the treaty....
    like what percentage is going to be reduced....what will be the immideate impacts....
    i am soo soo xcited for the ninja...please please please reduce the price i really love the ninja but the my budget only allows a CBR250
    _____________________________________________
    want something new in my stable,.,.,d pulsar doesn't feed to my need for speed,.,.,.,
    SOMETHING FAIRED
    yamaha r15 (2010) - not riding it now
    pulsar 150 (2006)
    yamaha rx100 (1993)<<still kicks a#$>>

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    • #17
      a bilateral free trade agreement that would abolish duties on more than 90% of trade for 10 years.

      India, Japan sign free trade agreement - The Times of India
      hmmmm... for 10 years or over a period of 10 years?

      Originally posted by nitrosatya View Post
      Ninja 250's price must reduce now!
      but that one's from thailand innit?
      .
      sigpic

      Comment

      • #18
        As far as I know its over ten years. And thus things will not come into effect immediately as they would have put over a time lag for the policy to come in effect... But hey some good news is better than no good news!
        When in doubt...... Gas it!

        sigpic

        Comment

        • #19
          Originally posted by cicatrix View Post
          As far as I know its over ten years. And thus things will not come into effect immediately as they would have put over a time lag for the policy to come in effect... But hey some good news is better than no good news!
          But the news says the agreement is signed, and it would be valid upto 2021. So, I don't think it means it would be "commenced fully" from 2021..

          Are you sure the implementation of this agreement is slow and not immediate?

          hmmmm... for 10 years or over a period of 10 years?
          Well, the article quotes "for 10 years" and also "until 2021".... So it means it commences from 2011, or does it?

          -
          Personally, I hope that the Ninja 650 be released soon now, as I'm looking for a N650 for myself.. India Kawasaki haven't been much in news lately, except for 1000 sales of N250.
          Last edited by Samarth 619; 02-18-2011, 01:37 AM.
          ---
          Brotherhood, Rules, Freedom. Xbhp.
          Indian riding = Alertness, Anticipation and Adjustment.

          Comment

          • #20
            Originally posted by Samarth 619 View Post
            Are you sure the implementation of this agreement is slow and not immediate?
            10% added on per year for the next 9 years or something like that.

            Originally posted by Samarth 619 View Post
            Well, the article quotes "for 10 years" and also "until 2021".... So it means it commences from 2011, or does it?
            fine print. have to wait and watch.

            Originally posted by Samarth 619 View Post
            I hope that the Ninja 650 be released soon now
            if this takes immediate effect...
            then the Ninja 650R ABS could actually be priced lower than the Hyosung 650R... Hysosung, double whammy
            .
            sigpic

            Comment

            • #21
              Originally posted by xionite View Post
              10% added on per year for the next 9 years or something like that.



              fine print. have to wait and watch.



              if this takes immediate effect...
              then the Ninja 650R ABS could actually be priced lower than the Hyosung 650R... Hysosung, double whammy

              can anyone tell superbike are included in this pact or not (or only spares) .

              Comment

              • #22
                Guys, could this link be of any use for more information ?

                (I have verified it to be a February 2011 Link, and the site seems genuine too)

                MOFA: Comprehensive Economic Partnership Agreement between Japan and the Republic of India


                Secondly, Motoroids have their own interpretation of the agreement, and they agree that its gradual, over a period of 10 years...

                http://motoroids.com/features/india-–-japan-sign-free-trade-agreement-cars-bikes-from-japan-to-be-cheaper.html
                Last edited by Samarth 619; 02-18-2011, 02:20 AM.
                ---
                Brotherhood, Rules, Freedom. Xbhp.
                Indian riding = Alertness, Anticipation and Adjustment.

                Comment

                • #23
                  Originally posted by Samarth 619 View Post
                  Guys, could this link be of any use for more information ?

                  (I have verified it to be a February 2011 Link, and the site seems genuine too)

                  MOFA: Comprehensive Economic Partnership Agreement between Japan and the Republic of India

                  @samarth pls answer my ques....

                  Comment

                  • #24
                    Originally posted by xionite View Post

                    but that one's from thailand innit?
                    Yes thats sad!
                    But we will have some good big bikes for sure. I hope that i get to own an inline four litre bike before i die.
                    Last edited by nitrosatya; 02-18-2011, 10:24 AM.

                    Comment

                    • #25
                      Mint:
                      Japan and India signed a free trade pact on Wednesday under which the hi-tech nation and the South Asian giant pledged to scrap tariffs on 94% of goods within a decade.

                      India, Japan sign free trade pact - Economy and Politics - livemint.com

                      This is the live mint link and that is why I was talking that it is going to be gradual. plus the pact according to live mint is waiting approval by the jap senate so few months or a year will have to go by for it come in effect.
                      When in doubt...... Gas it!

                      sigpic

                      Comment

                      • #26
                        Originally posted by palashroy View Post
                        can anyone tell superbike are included in this pact or not (or only spares) .
                        Yes and NO

                        Yes because the bikes which are assemebled in India will be benefitted... I think from the next budget hearing....

                        No because for the CBUs it might take some more time to reduce the duties....

                        But overall the thing is CBUs or NOT Indian government will have to reduce the duties within the the next 10 years to "0" so it might even get started rigth away....

                        Now the wait for the budget hearings.....
                        Timon: Orange Yamaha FZ16 2009
                        Optimus: Red Mahindra XUV500 W8 FWD 2013
                        Atom: Red Tata Nano XTA 2016
                        Pumba: Red Harley Street 750

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                        • #27
                          Yayeeeeeeeee
                          Common baby! Gimme one R1.....
                          There's lot to it other than saddle....


                          sigpic

                          Comment

                          • #28
                            !

                            So so so ... I can get a Fireblade faster than I think?!
                            RIP Marco Simoncelli! You will not be forgotten!

                            3HP♦ Twitter♦ Flickr♦Yelagiri Tour Log

                            Kartik Ware

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                            • #29
                              Originally posted by pushkarb View Post
                              So so so ... I can get a Fireblade faster than I think?!
                              the final ray of hope is the annual budget where our beloved PM will announce the various duties that are to be levied and on decision makers of companies who might want to start their SBK assembly operations in India....

                              I dont get one thing if Harley can and Kawasaki planning to do it why are others not even thinking about it???
                              Timon: Orange Yamaha FZ16 2009
                              Optimus: Red Mahindra XUV500 W8 FWD 2013
                              Atom: Red Tata Nano XTA 2016
                              Pumba: Red Harley Street 750

                              Comment

                              • #30
                                Originally posted by kinshuk.arya View Post
                                the final ray of hope is the annual budget where our beloved PM will announce the various duties that are to be levied and on decision makers of companies who might want to start their SBK assembly operations in India....

                                I dont get one thing if Harley can and Kawasaki planning to do it why are others not even thinking about it???
                                O Yaar. One reason why I have to closely follow budget this year.
                                RIP Marco Simoncelli! You will not be forgotten!

                                3HP♦ Twitter♦ Flickr♦Yelagiri Tour Log

                                Kartik Ware

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