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New Delhi, Oct 20 Japan must immediately eliminate tariff on products of export interests to India to move up the trade between the two countries, proposed the Federation of Indian Chambers of Commerce and Industry.

With the Prime Minister scheduled to visit Japan this week, the federation has recommended a tariff cut on products such as leather, footwear, textiles, chemicals, marine and animal products to boost up trade.

“These tariffs need to be eliminated immediately under the India-Japan Comprehensive Economic Partnership Agreement. It would give an edge to Indian exporters in the Japanese market,” said Dr Amit Mitra, Secretary-General, FICCI, in a statement.

The chamber highlighted India’s exports to Japan trailing behind China, stating that, “India’s exports are a miniscule compared to China’s share of 20.6 per cent in Japan’s import, 4.4 per cent of Korea, 4.3 per cent of Indonesia, 3 per cent of Thailand and 2.8 per cent of Malaysia.”

FICCI said that even in case of drugs and pharma products despite Japan’s zero duty on 30 per cent of products, India’s share remained insignificant at 0.1 per cent.

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