India and Japan PMs seal the deal on a new trade pact, discuss nuclear deal

India and Japan’s premiers Monday said they had broadly agreed on a pact to step up trade between the population giant and the high-tech nation but needed time for a deal on civilian nuclear cooperation.

India’s Prime Minister Manmohan Singh and his counterpart Naoto Kan also stressed the warm ties linking two of Asia’s biggest democracies, at a time of high diplomatic tensions between Japan and communist-ruled China.

Kan said after talks with Singh, who was on a three-day Tokyo visit, that "through this meeting, we were able to confirm and be confident about progress in the strategic global partnership between Japan and India".

The two leaders declared the completion of talks on a free trade and investment pact, with a formal signing expected in coming months, under which tariffs on 94 percent of trade would be phased out within a decade.

Read the rest of the story: India, Japan PMs confirm trade pact, discuss nuclear deal.

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