Comprehensive Economic Cooperation Agreement

The Comprehensive Economic Cooperation Agreement (CECA) is an agreement between Japan and India to strengthen bilateral trade. The agreement is to be finalised by the end of 2006. A Joint Study Group (JSG) in its report submitted in July 2006 recommended that the two countries should work towards the establishment of a CECA. The JSG was established to undertake a comprehensive review of economic and commercial relations between India and Japan and give its recommendations on upgrading those linkages in various fields. Japan's total global trade is $ 1019 billion, but its imports from India as a percentage of Japan's total imports are only 0.44 per cent.