Key statistics (three years) of Japan’s Economy

S.No	Parameter/Year	2001	2002	2003
1	GDP	500.919 Trillion Yen	497.648 Trillion Yen	4.72 Trillion (US$)
2	Population (Million)	127.291	127.435	127.630
3	Per Capita Income	3943953 Yen	3905112 Yen	36981US$
4	Total Exports	48979.244 Billion Yen	415.855 Billion US$	469.976 Billion US$
5	Total Imports	42415.533 Billion Yen	336.444 Billion US$	381.195 Billion US$
6	Balance	6563.711 Billlion Yen	79.411 Billion US$	88.781 Billion US$
7	Key products imported			Machinery& Equipments (31.8%), Mineral Fuels (Petroleum, Crude, Petroleum products, LNG, LPG)(19.4%), Chemicals (7.7%), Textiles (6.5%), Raw materials (6%), Metals (45%), Fish and Shellfish (3.9%).

FTA/PTA with various countries 

As on date Japan has free trade agreements with Singapore, Mexico. Discussions are going on with Vietnam, Thailand, Philippines, Malaysia, ASEAN, South Korea, China, Chile etc.

Trade agreements with India

i Bilateral Trade Agreement - Indo-Japanese commercial relations are governed by a Bilateral Trade Agreement signed with Japan in February 1958. This provides for a `Most Favoured Nation' treatment to either country in trade matters. 

ii Civil Aviation Agreement - This agreement between the two countries was signed at New Delhi on November 26, 1955. The agreement came into force on May 11, 1956. 

iii Avoidance of Double Taxation Agreement - This agreement was signed at New Delhi on January 5, 1960, which came into force on June 13, 1960. 

(b) Government Level Dialogues

i) IT Summit: The first India- Japan IT Summit was held on September 4, 2001 in Tokyo between the Hon’ble Minister for IT, Shri Pramod Mahajan and Mr. Heizo Takenaka, Minister of State for IT of Japan.

ii) MEA-METI dialogue: The first meeting was held in December 1994. Four rounds of MEA-MITI dialogue have taken place so far. The last meeting was held in Tokyo on 25 February 2002. Secretary (ER), MEA Shri Shashank led the Indian delegation and Mr. Hideheri, Vice-Minister, METI led the Japanese side. The issue discussed included investment and trade related matters. The two sides reiterated desire to increase economic and commercial co-operation between the two countries and ASEAN.

iii) India-Japan Trade Talks: The first meeting was held in Tokyo in June 1978. The last session (14th round) was held in Tokyo on 5 February 1999. 15^th round of India-Japan trade talks was held in New Delhi on February 13, 2004. 

iv) India-Japan Investment Dialogue: The first dialogue between Ministry of Industry of India and the Ministry of Economy Trade and Industry (METI) of Japan was held on August 10, 1999 at New Delhi. This is a forum to facilitate exchange of ideas between the two sides with the participation of private sectors. 

v) India - Japan Energy Dialogue: The first meeting between the Ministries of External Affairs of India and the Japanese Ministry of Foreign Affairs was held in New Delhi on March 7, 2000. Various issues relating to future co-operation on energy sector were discussed. The second round of the Energy dialogue took place on May 10, 2002 in Tokyo in which all issues, including issue of energy security, were discussed. 

vi) India-Japan Information Technology(IT) Dialogue : The two sides decided to have a separate Secretary/Vice-Minister level dialogue on IT matters.

(c) Corporate Level Interactions

i) India-Japan Business Cooperation Committee (IJBCC): The IJBCC is a forum set up in July 1966. The first meeting was held in 1967 September 12-13 in Tokyo. On the Indian side, this committee is serviced by Federation of Indian Chambers of Commerce and Industry and on the Japanese side, the Japan Chamber of Commerce and Industry plays this part. The 31^st meeting of IJBCC was held on December 19, 2002 at Bangalore. 

ii) ESC - JASA MOU: The Electronics and Software Export Promotion Council of India (ESC) and Japan System House Association (JASA) signed an MOU in August 2000 in New Delhi during the visit of Japanese PM Mori to India. The signed MOU provides for cooperation in IT sector for exchange of information, human resource development, technical cooperation, organising of IT seminars, etc. 

iii) CII - Nippon Keidanren MoU: The Confederation of Indian Industry(CII) and Nippon Keidanren signed an MoU during the visit of the CII delegation led by its President Mr. Ashok Soota in March 10-11,2002. The MoU signed by Director Generals of the two organisations provides for closer cooperation between the two sides.

Trade statistics with India (past 5 years)
 

(US$ Million)
Year	India Exports to Japan	Indian Imports from Japan	Total Trade
1998	2179	2409	4588
1999	2249	2427	4676
2000	2637	2488	5125
2001	2216	1922	4138
2002	2085	1865	3950
2003	2164	2386	4450

Source: JETRO

Broad group of products imported from India - (past 3 years)

			% Share of total imports from India
S.No	HS	Description	2001	2002	2003
1	71	PRECIOUS STONES, METALS	17.95	19.8	19.57
2	26	ORES, SLAG, ASH	17.88	18.68	17.38
3	03	FISH AND SEAFOOD	19.78	16.63	11.63
4	27	MINERAL FUEL, OIL ETC	7.29	6.6	7.99
5	29	ORGANIC CHEMICALS	2.79	3.22	5.03
6	52	COTTON+YARN, FABRIC	4.19	4.55	4.38
7	62	WOVEN APPAREL	4.17	3.44	3.68
8	84	MACHINERY	1.18	1.76	2.31
9	85	ELECTRICAL MACHINERY	1.35	2.14	2.29
10	90	OPTICAL MED INSTR	1.57	1.92	2.14
11	72	IRON AND STEEL	1.47	0.64	1.73
12	09	SPICES, COFFEE AND TEA	1.53	1.54	1.49
13	63	MISC TEXTILE ARTICLES	1.86	1.65	1.48
14	23	FOOD WASTE; ANIMAL FEED	1.38	1.13	1.45
15	68	STONE, PLASTR, CEMENT, ETC	0.62	0.63	1.25
16	57	TEXTILE FLOOR COVERINGS	1.18	1.16	1.19
17	15	FATS AND OILS	1.03	0.86	1.16
18	25	SALT; SULFUR; EARTH, STONE	1.12	1.27	1.12

Major items of import on 9 digits HTC basis from India in 2003 
 

S.No.	9 HS Code	Product	% Share
1.	710239000	Non-Industrial Diamond	18.08
2.	260111000	Iron Core & Conc.	16.20
3.	030613000	Shrimps & Prawns	9.52
4.	271011181	Petroleum Spirits	6.73
5.	230400000	Oil Cake & others solid residuces	1.38
6.	902230010	X-ray tubes & Medical equipments	1.36
7.	030490095	Itoyori Surini frozen	1.18
8.	520548021	Cotton Yarn	1.01
9.	271019143	Kerosene	1.00
10.	620630210	Blouses & shirts	0.92
11.	151530000	Caster Oil & its fractions	0.92
12.	080132000	Cashew nuts	0.83
13.	570299010	Carpets & other floor coverings	0.82
14.	720241000	Ferro Chroniums with carbon	0.75
15.	050610000	Ossein & bones treated with acid	0.70
16.	293499090	Nucleic acids & their slats	0.69
17.	681599090	Articles of stone & other mineral substance	0.65
18.	000000099	Re-imported goods	0.65
19.	520547021	Cotton yarn	0.60
20.	854420000	Coaxial cable & coaxial conductor	0.59
21.	293410000	Compounds containing an unfused thiazole ring	0.56
22.	520100000	Cotton not carded or combed	0.55
23.	090240210	Black tea excluding for beverage	0.55
24.	261400090	Titanium cores & conc. other than illuminate	0.55
25.	902290021	X-ray tubes & other x-ray generators	0.52
26.	680293000	Worked granite	0.48
27.	520527021	Cotton single yarn	0.48
28.	720110091	No alloy	0.46
29.	630251000	Other table linen of cotton	0.45
30.	291736000	Terepthalic acid & its salts	0.45
31.	130211000	Opium	0.44
32.	711319029	Articles of Jewellery of gold	0.43
33.	250100090	Salt & pure NaCl	0.42
34.	620442200	Women or girls dresses	0.37
35.	620520000	Men & boys dresses	0.36
36.	520528021	Cotton single yarn	0.36
37.	630492000	Furnishing articles other than bed spreads	0.35
38.	844350010	Parts of printing machinery	0.33
39.	847730000	Blow moulding machines for rubber & plastics	0.33
40.	7116206210	Jewellery and parts of precious and semi- precious stones	0.32
41.	620452200	Skirts	0.30
42.	732393000	Table, kitchen & house-hold articles	0.29
43.	292142000	Amline derivatives	0.28
44.	090230010	Black tea	0.28
45.	850610010	Primary cells & primary batteries	0.28
46.	160520029	Shrimps & prawns prepared	0.27
47.	630391000	Curtains & drapes	0.27
48.	030749190	Cuttle fish sepia officially	0.26
49.	520524021	Cotton single yarn	0.26
50.	261000000	Chronium ores & core	0.26
51.	720851011	Flat rolled Iron products	0.26

Focus products for promoting Indian exports

• Computer software
• Gems & Jewellery especially Platinum based jewellery
• Processed foods- fruit pulps, Juices squashes
• Dairy Products- Milk and Milk Products
• Cut flowers
• Fruits like Mangoes, Grapes and Bananas
• Herbal Products like Henna, Aloe etc
• Textile products.
• Marine products like shrimps and lobsters
• Beverages like Tea and Coffee especially Ready to drink Tea and Coffee
• Indian Handicrafts
• Leather garments and products

Investments/Collaborations with India

*up to December 31,2002
**(Jan-Aug, 2002)

Source: Indian High Commission, Japan