ID :
147518
Tue, 10/26/2010 - 18:40
Auther :
Shortlink :
http://m.oananews.org//node/147518
The shortlink copeid
Japan, India Leaders Agree on Joint Rare Earth Development
Tokyo, Oct. 25 (Jiji Press)--Japanese Prime Minister Naoto Kan and
his visiting Indian counterpart, Manmohan Singh, agreed Monday that the two
countries will cooperate in joint development of rare earth minerals and
rare metals in India and the recycling of such materials.
At their meeting here, the two leaders reached a formal agreement
to conclude an economic partnership agreement between the two countries
while confirming their intention to strengthen the bilateral Strategic and
Global Partnership in the next 10 years.
Kan and Singh signed a joint statement including these agreements
after the meeting. The Japan visit is the first for Singh since October
2008.
Kan and Singh agreed on the rare earth cooperation at a time when
Japan's rare earth imports from China have been stalled amid strained
Sino-Japanese relations reflecting last month's collision between a Chinese
trawler and Japanese patrol ships near disputed islands in the East China
Sea. China accounts for about 90 pct of global rare earth production.
Kan told Singh that Japan and China are on course to improve their
relations, adding that Tokyo wants to promote its mutually beneficial
strategic partnership with Beijing. Singh also explained to Kan the current
state of India's ties with China.
Kan and Singh agreed that Japan and India will accelerate
negotiations on concluding a nuclear cooperation pact. The talks started in June.
The decision to launch the nuclear pact talks was grave for Japan, which is the world's only nation attacked with nuclear weapons, the Japanese leader said.
Singh said that India will continue its moratorium on nuclear
testing.
The Japan-Insia EPA, if concluded, would likely eliminate tariffs for 94 pct of goods traded between the two countries in terms of value over 10 years after its effectuation. Annual trade between Japan and India totals about one trillion yen.
Kan and Singh confirmed that the two countries will launch
ministerial-level economic talks.
They also signed a memorandum of understanding on simplifying visa issuance procedures to promote personnel exchanges between the two countries.
The leaders also affirmed cooperation to reform the U.N. Security Council, tackle global warming and fight terrorism.
his visiting Indian counterpart, Manmohan Singh, agreed Monday that the two
countries will cooperate in joint development of rare earth minerals and
rare metals in India and the recycling of such materials.
At their meeting here, the two leaders reached a formal agreement
to conclude an economic partnership agreement between the two countries
while confirming their intention to strengthen the bilateral Strategic and
Global Partnership in the next 10 years.
Kan and Singh signed a joint statement including these agreements
after the meeting. The Japan visit is the first for Singh since October
2008.
Kan and Singh agreed on the rare earth cooperation at a time when
Japan's rare earth imports from China have been stalled amid strained
Sino-Japanese relations reflecting last month's collision between a Chinese
trawler and Japanese patrol ships near disputed islands in the East China
Sea. China accounts for about 90 pct of global rare earth production.
Kan told Singh that Japan and China are on course to improve their
relations, adding that Tokyo wants to promote its mutually beneficial
strategic partnership with Beijing. Singh also explained to Kan the current
state of India's ties with China.
Kan and Singh agreed that Japan and India will accelerate
negotiations on concluding a nuclear cooperation pact. The talks started in June.
The decision to launch the nuclear pact talks was grave for Japan, which is the world's only nation attacked with nuclear weapons, the Japanese leader said.
Singh said that India will continue its moratorium on nuclear
testing.
The Japan-Insia EPA, if concluded, would likely eliminate tariffs for 94 pct of goods traded between the two countries in terms of value over 10 years after its effectuation. Annual trade between Japan and India totals about one trillion yen.
Kan and Singh confirmed that the two countries will launch
ministerial-level economic talks.
They also signed a memorandum of understanding on simplifying visa issuance procedures to promote personnel exchanges between the two countries.
The leaders also affirmed cooperation to reform the U.N. Security Council, tackle global warming and fight terrorism.
