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Business with India picking up

Japan blasts trading partners for unfair policies
TOKYO. June 9: Japan la being victimised by the unfair policies of major trading part nera. especially the United States, Europe and South Korea, the International Trade and Indualry Ministry said Monday, reports AFP.
In Its first annual report on unfair trading practices to the General Agreement on Tariffs and Trade (GATT), the ministry particularly cited unllat cral measures and violations of GATT rules such as anti dumping measures.
The report, submitted to
the Uruguay round of global trade talks sponsored by the GATT, focuses on relations with 10 major trading partners — the United States, the European Community (EC], South Korea. Australia. Indonesia. Hong Kong. Canada. Singapore. Thailand and Malaysia
The United States was found practising nine out of >0 unfair policies listed in the report while the EC and South Korea were both responsible for six.
Japan Is especially opposed
to a law which allows Washington to retaliate unllat eaully against trading partners deemed to be acting unfairly and a decision to tighten antitrust laws against foreign companies.
Brussels was criticised for anti-dumping measures and quantitative restrictions on Imports of certain Japanese products such as cars.
Other practices slammed In the report Include country-of-orlgin policies applied to goods made by Japan companies outside of Japan, public
bidding procedures and new areas such as intellectual property rights.
Although ranking among Japan's top 10 trading partners, China and Taiwan were both excluded from the report ns neither Is a GATT member.
(Tl adds: India-Japan trade which slumped during the year 1990-91 because of India's financial crisis has started picking up. Indian officials here said.
Officials told a news conference here Tuesday actually what affected the two-way
trade volume was India's Inability to buy from Japan due to a cash crunch.
Japan's Import from India continued to grow. As a result, while the volume of trade fell, the adverse balance India always suffered In Its trade with Japan turned Into a surplus balance the past two years, explained S Tripathi, Minister, Economic Affairs in the Indian embassy.
In the first three months of this year Japan's imports from India already rose by ten and
half per cent, even though Japan's overall Imports shrank by six per cent.
In this atmosphere of optimism India is putting up Ils ever textile fair In Japan. It opens In Osaka on June 22 for a three-day run coinciding with Prime Minister P Naraslmha Raos official visit here.
According to R K Jain. East Asia Director of India s Trade Development Authority (TDA). 85 Indian textile manufactur ers will show a wide range of their products.