Japan and India Sign Trade Agreement to Cut Tariffs

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Japan and India signed an economic agreement that will abolish tariffs on 94 percent of trade over 10 years as each country expands its investment in Asia.

India Trade Minister Anand Sharma and Japanese Foreign Minister Seiji Maehara signed the Comprehensive Economic Partnership Agreement today in Tokyo. Indian Prime Minister Manmohan Singh and Japanese counterpart Naoto Kan reached a preliminary deal in October.