Summary Box: Japan, India agree to boost trade

AP News
Posted: Oct 25, 2010 2:27 PM
Summary Box: Japan, India agree to boost trade

TRADE DEAL: Leaders of India and Japan signed an agreement aimed at increasing the relatively limited trade between the countries. The deal is subject to ratification by Japan's parliament.

THE DETAILS: The pact would slash tariffs on goods from auto parts to bonsai plants and introduces measures to promote investment and deal with intellectual property rights.

THE NEXT STEP: Japanese and Indian leaders agreed to accelerate talks toward a civilian nuclear cooperation deal that would allow Japanese companies to export nuclear power generation technology and related equipment to India. India's refusal to sign the Nuclear Non-Proliferation Treaty has stirred up some concerns in Japan, however.