Business communities around the world are facing increasingly bigger global challenges, such as the rising prices of resources, energy, and food, as well as climate change, and, particularly in recent years, financial uncertainty, and the slowdown of the global economy.
カジノ シークレット 銀行 出 金 of the two countries share the perception regarding the severe situation of the current global economy, and agreed on the need to pursue mutually beneficial and sustainable economic growth through a broadening and deepening of the bilateral economic partnership. This will go beyond the mutual interests for both countries and should contribute to stabilising the global economy.
Further, the role to be played by the Japan-India カジノ シークレット 銀行 出 金 Forum is immense in developing the Japan-India economic relationship, which is among the richest in potential in Asia as well as in the world.
Against this background, Japanese and Indian カジノ シークレット 銀行 出 金, following the first forum in August 2007, again held frank exchanges of views towards consolidating the economic relationship between Japan and India, and submit the following joint report to the heads of both governments.
The economic relationship between Japan and India has grown much stronger in recent years. The bilateral trade volumカジノ シークレット 銀行 出 金n 2007 increased by approximately 20% over the previous year, and there was a six-fold increasカジノ シークレット 銀行 出 金n Japanese direct investment in India from 2005 to 2007. In this context, an Economic Partnership Agreement (EPA) is essential as an institutional infrastructure to further accelerate and consolidate these business activities.
The Japanese and Indian カジノ シークレット 銀行 出 金 welcome the steady progress being made towards concluding a Japan-India EPA, and expect the two governments to continuously make concerted efforts to realise a mutually beneficial and high-quality EPA in order to enhance its utilisation.
The Japanese and Indian カジノ シークレット 銀行 出 金 expect this comprehensive framework of economic partnership to lead to the further consolidation of the bilateral economic relationship. In addition, they affirmed the importance of continuous improvement in the investment and business climate in India even after the entry into force of the JIEPA to strengthen the competitiveness of India as an investment destination. This includes the simplification of the land condemnation system as well as the taxation system, the relaxation and abolition of FDI restrictions for retail trading, and the simplification of working visa procedures.
From the viewpoint of expanding personnel exchange between the two countries, the Japanese and Indian カジノ シークレット 銀行 出 金 welcome such recent tangible achievements as the doubling of air flights and collaboration in setting up a new Indian Institute of Technology (IIT). On the other hand, they share the perception that the movement of people will be further accelerated by overcoming the challenges in doing business in India, such as securing a sufficient number of hotel rooms at moderate prices.
Recognising the Delhi-Mumbai Industrial Corridor (DMIC) Project as indispensable to the further development of the Indian economy and industry, the Japanese and Indian カジノ シークレット 銀行 出 金 welcome the establishment of its "Project Development Fund" and the launch of "Early-Bird Projects".
They also welcome the establishment of the CII-JETRO portal, a web-based business-matching site to facilitate business interaction between Indian and Japanese enterprises as well as to providカジノ シークレット 銀行 出 金nformation associated with the DMIC project.
The Japanese side affirmed thカジノ シークレット 銀行 出 金mportance of increased assistance to infrastructure projects through effective public-private partnerships between ODA and privatカジノ シークレット 銀行 出 金nvestment, which will also be beneficial to the Multi-Modal Dedicated Freight Corridor Project. Sincカジノ シークレット 銀行 出 金ndia requires huge and rapid development of infrastructure, such as an increasカジノ シークレット 銀行 出 金n the electric power supply, it is imperative to build an environment where the private sector can easily participatカジノ シークレット 銀行 出 金n effectively promoting PPPs.
In urgently addressing climate changカジノ シークレット 銀行 出 金ssues that concern all humankind, it is imperative that all the major economies cooperatカジノ シークレット 銀行 出 金n a meaningful way, based on the principle of equity and in accordance with their common but differentiated responsibilities and capabilities while balancing the goals of economic development and environmental conservation.
From this standpoint, the post-Kyoto international framework should be effective. The Japanese and Indian カジノ シークレット 銀行 出 金 welcome the recent progress in developing the "Memorandum of Understanding between CII, Nippon Keidanren and the JCCI on Climate Change" and agreed to conduct policy dialogue on climate change.
Technology development and technology transfer are essential to mitigate climate change and pursue economic development and environmental conservation in a balanced manner. The Japanese and Indian カジノ シークレット 銀行 出 金 hope for a steady progress in the Japan-India Energy Dialogue and welcome the Japanese government's proposal to promote technology development through international partnership.
The Japanese and Indian カジノ シークレット 銀行 出 金 are concerned about the impact of the rising cost of resources and food on the global economy, and agreed to discuss how to assist developing countries, including India, in increasing food production utilising Japanese technology.
The Japan-India カジノ シークレット 銀行 出 金 Forum shares the perception that further efforts should be made to liberalise trade and investment and to build a global legal and institutional framework for that purpose, thereby strengthening the fundamentals of the global economy.
In addition, the Japanese and Indian カジノ シークレット 銀行 出 金 agreed to contribute to sustainable economic development of Asia and the world by taking a joint initiative towards building the CEPEA (ASEAN+6) that embraces the AJCEP and the ASEAN-India FTA.
| Mukesh D. Ambani | Fujio Mitarai |
|---|---|
|
Chairman & Managing Director, Reliancカジノ シークレット 銀行 出 金ndustries Limited. Co-Chair, India-Japan カジノ シークレット 銀行 出 金 Forum |
Chairman, Nippon Keidanren Chairman & CEO, Canon Inc. Co-Chair, Japan-India カジノ シークレット 銀行 出 金 Forum |
| Tokyo, Japan, 22 October 2008 | |