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Piyush Goyal says India open to expanding scope of Japan trade agreement

Commerce Minister Piyush Goyal stated India is open to expanding the India-Japan Comprehensive Economic Partnership Agreement (CEPA) to make it more contemporary. Japanese firms like Uniqlo plan increased sourcing and investment in India, while Japan aims to double its companies operating locally. This signals deepening bilateral economic ties and potential revision of the 2011 CEPA, relevant for international trade and economic diplomacy topics.

Source: Economic Times. This summary and analysis are AI-written from that report and are not individually fact-checked — confirm names, dates and figures with the source before you rely on them.

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Key points

Exam-ready takeaways

Commerce Minister Piyush Goyal announced India's willingness to expand the India-Japan CEPA

Japanese textile major Uniqlo plans increased sourcing and investment in India

Japan aims to double the number of its companies operating in India

Significant Japanese investment already flowing into India at a rapid pace

Existing India-Japan CEPA signed in 2011; revision sought to make it more contemporary

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