India And Japan: Reflections On Dispute Resolution*

Article by Shardul Amarchand Mangaldas & Co and Nagashima Ohno & Tsunematsu LLP

1. Introduction

India and Japan are among the largest Asian economies. They are, in many respects, natural trading partners. Indeed, in 2011, the two countries signed the India-Japan Comprehensive Economic Partnership Agreement ('CEPA'), which is a free trade agreement aiming to promote and protect cross-border trade and investment between the two countries. Since CEPA entered into force, trade and investment flows between India and Japan have increased manifold: recent statistics show that, in the financial year 2016-17, bilateral trade between the two countries stood at USD 13.61 billion, whereas Japanese foreign direct investment in India stood at USD 4.7 billion.^[1] These numbers are predicted to rise further in the future.