India and Japan signed the Comprehensive Economic Partnership (CEPA) effective from?

India and Japan signed the Comprehensive Economic Partnership (CEPA) effective from 1 August 2011.

Japan PM Visit - Indo-Pacific Agenda

Japan PM Visit – Indo-Pacific Agenda

Japanese Prime Minister Fumio Kishida is visiting India in an official capacity, with an agenda of synchronizing plans for the G7 summit in Hiroshima and the G20 summit in Delhi.

Table of Contents

Context: Japanese Prime Minister Fumio Kishida is visiting India in an official capacity, with an agenda of synchronizing plans for the G7 summit in Hiroshima and the G20 summit in Delhi.

Objectives and Agenda of Japan PM Visit

The Japanese PM will deliver a major speech on Japan’s Indo-Pacific strategy and its new defence posture.
Japan aims to make another attempt at bringing India on board with a more tough stance on Russia during the Hiroshima G7 meeting, which India didn’t sign in last year’s G7 summit.
Discussion over the roles that G7 and G20 should play in overcoming global challenges such as regional and international security, food security, climate and energy, fair and transparent development finance etc.
Converging priorities on critical global issues, including food and health security, energy transitions, and economic security, and increasing engagement between G7 and Global South.
Discussions over Japan’s targeted 5-trillion Yen public and private investment in India, connectivity projects in the North-East, and the much-delayed Shinkansen high-speed rail project
India-Japan cooperation under their “Special Strategic and Global Partnership” over the Free and Open Indo-Pacific (FOIP). The future of the ‘Indo-Pacific’ with the people of India on this occasion of his visit to India.

India-Japan Cooperation in the Indo-Pacific is currently focused on Six Areas

Upholding International Law
Securing the Maritime Domain
Defence Technology Cooperation
Ensuring Connectivity and keeping the sea lanes of communication (SLOC) open
Countering threats from non-state actors
Cooperation in Africa

Japan India Bilateral Relationships

India and Japan share ‘Special Strategic and Global Partnership’ and historical friendship rooted in spiritual affinity and strong cultural and civilizational ties.

Economic Relation	India and Japan signed the Comprehensive Economic Partnership (CEPA) effective from 1 August 2011. Japan was the 12th largest trading partner for India in 2020 and bilateral trade totalled US$ 20.57 billion during FY 2021-22. In the last two decades Japanese investments in India has been around US$ 36.94 billion ranking Japan fifth among source country for FDI. Currency swap agreement was signed between India and Japan for a USD 75-billion in 2018. Official Development Assistance: Japanese ODA supports India’s efforts for accelerated economic development, particularly in priority areas like power, transportation, environment and social sector.
Defence and Security Cooperation	The Joint Declaration on Security Cooperation between Japan and India was issued in 2018. Various frameworks of security and defence dialogue such as 2+2 dialogue and QUAD engagement are organized between two countries. Acquisition and Cross-Servicing Agreement (ACSA) in 2020 established a framework such as the settlement procedures for the reciprocal provision of supplies and services between forces of the two nations. Joint Military exercises such as Malabar exercise, Veer Guardian and Dharma guardian are also conducted to increase interoperability.
Strategic cooperation	Through Indo Pacific Ocean’s initiative, Supply Chain resilience Initiative, Asia Africa Growth corridor (AAGC) etc. Multilateral cooperation through platforms like G-20, G4, Quad, IPEF etc.
Cultural Cooperation	Cultural Cooperation through partner city affiliation agreement between Varanasi and Kyoto in 2014.
Science and Technology Cooperation	Through India-Japan Emerging Technology and Innovation Fund in 2019, India Japan digital partnership. ISRO and JAXA joint mission for Lunar program exploration (LUPEX) mission.