Shinzo Abe Current Affairs - 2020

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India and Japan ink 14 agreements in various fields

India and Japan have inked fourteen agreements in various fields to enhance bilateral co-operation between both countries.

These agreements were signed during ninth annual Indo-Japan summit talks held in New Delhi. The summit was jointly held by Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe.

Some important agreements signed are

  • Agreement in transfer of Defence Equipment and Technology Cooperation: Provides a framework to enhance defence and security cooperation.
  • Agreement on security measures for the protection of classified military information: Ensures the reciprocal protection of classified military information transmitted to each other.
  • Agreement on Amendment Protocol of Double Taxation Avoidance Agreement: Amends the Convention between both countries for the Avoidance of Double Taxation and the prevention of fiscal evasion with respect to Taxes on Income, signed in 1989.
  • MoC on Technological Cooperation in Rail Sector: Establishes areas for comprehensive technological cooperation including sharing of information and best practices.
  • MoU on technological cooperation on Rail safety: proposes to cooperate in the areas of safety in train operation and advanced techniques of maintenance along with use of environment friendly technologies, etc.
  • MoC on Medical Products Regulation Dialogue and Cooperation Framework: Seeks to facilitate a constructive dialogue in areas pertinent to raw materials for pharmaceutical use, biological products, medical devices, quasi-drugs, cosmetic products.
  • MoC in the field of forests: Enhance cooperation in sustainable forest management, forest conservation and forest disaster prevention, conservation of biodiversity and effective utilization of forest resources etc.

Apart from this, both countries also issued a joint statement on ‘India and Japan Vision 2025: Special Strategic and Global Partnership Working Together for Peace and Prosperity of the Indo-Pacific Region and the World’. India also extended visa an arrival (VoA) facility for Japanese nationals, including businessmen from 1st March 2016.

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PM Modi invites Japan to “Make in India”.

Modi has won many a heart in Japan too. The Japan visit has highlighted some very interesting and undiscovered traits of his colorful personality. His demeanor, style and eloquence has placed in a new league of international statesmen who are heading the topmost nations of the world. He has been known for his extempore unscripted speeches which usually strike a chord with all those who get a chance to listen to him. In addition to it, he amazed the Japanese and international audience by his unique ways to break the status quo by being an active and curious participant of every event he visited, taking time to talk to people and other exchanges.
Japan and India relations have definitely started a new chapter of more warm and strategic relations. A lot can be owed to the aura of the two leaders who are immensely popular in their nations, have majority support and also are known for being decisive. Modi’s vision for India has been very well conveyed along with the importance he attached to the role of Japan in fulfilling it.
In his effort to invite Japanese businesses to invest in India and encourage them to manufacture in India, he presented a very strong case especially by stating that his government has replaced the hitherto ‘red tape’ with ‘red carpet’ for all those who want to do business in India. Sticking to his style of effective speeches, he made strong arguments which work in favor for India as a new destination for manufacturing. The new case was of three Ds- Democracy, Demography and Demand which he said were the basic needs of every businessman and the essentials for the businesses to operate smoothly and expand. Mr. Modi has already promised a special channel for all clearances for licenses via PMO to help the overseas investors to overcome hurdles.
The trip has generated a lot of positive energy and is sure to bring in lot of investment to India. Indians are happy with the performance of the new government in its 100 day show and are willing to give it more time to prove its mettle. The new leap in GDP has brought back smiles to many Indians. The markets are upbeat. The good days if not back as yet will definitely return soon.

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