6 days ago
India to Seek Japan Market Access for Basmati Rice Exports
India wants to sell more basmati rice in Japan.
Japan limits how much rice can be imported and charges duties on extra imports.
Piyush Goyal said India will discuss this issue with Japan.
The discussion may happen when the two countries review their trade agreement.
India also wants to export more processed foods to Japan.
These foods must meet Japan’s quality and safety rules.
Goyal said the visit also focused on investment, manufacturing and technology cooperation.
He said Japan may welcome 300,000 Indians in different economic roles.
India will raise greater basmati rice market access with Japan during a review of the bilateral CEPA.
Japan limits rice import quantities and applies duties on imports above the permitted quota.
Commerce Minister Piyush Goyal said processed food exports could expand if Indian products meet Japanese quality and safety standards.
Goyal said India is promoting manufacturing and investing USD 130 billion annually in infrastructure.
His four-day Japan visit focused on investment, supply chains, technology partnerships and business cooperation.
- Who
- India’s Commerce and Industry Minister Piyush Goyal and Japanese government officials.
- What
- India plans to seek greater Japanese market access for basmati rice and explore processed food exports.
- Where
- The discussions took place during Goyal’s visit to Japan, including Osaka.
- When
- The issue is expected to be discussed during a review of the CEPA; Goyal’s visit concluded on August 27.
- Why
- Japan restricts rice import quantities and applies duties beyond permitted levels, while India wants to expand agricultural and processed food exports.
Key facts
- Trade agreement
- India and Japan are expected to discuss market access during a review of their Comprehensive Economic Partnership Agreement.
- Rice restrictions
- Japan restricts the quantity of rice that can be imported and applies duties beyond the permitted quantity.
- Processed foods
- Goyal said Indian processed food exporters could find opportunities in Japan if they meet Japanese quality and safety standards.
- Infrastructure investment
- India is investing USD 130 billion annually in infrastructure, according to Goyal.
- Japanese investment
- Goyal met Japanese financial institutions to discuss long-term capital flows into India.
- Potential Indian workers
- Goyal said Japan’s Prime Minister Sanae Takaichi indicated that Japan would welcome 300,000 Indians in various economic roles.
- Visit focus
- The four-day visit focused on investment, resilient supply chains, technology partnerships and business-to-business cooperation.
Quotes
Piyush Goyal
India’s Commerce and Industry Minister
“We in the government will have to work on it and will have to talk to the Japanese government. There are several areas which are sensitive for each country, and to the best of my knowledge, rice is a sensitive area in Japan”
theprint.in
“We will talk to the Japanese government when we review the CEPA (Comprehensive Economic Partnership Agreement) and see what more areas of mutual cooperation (can be explored)…and in the food sector”
theprint.in
Sources
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