m Stands for- COMPREHENSIVE ECONOMIC

PARTNERSHIP IN EAST ASIA.

m Toshihiro Nikai, the Japanese Minister of Economy, Trade and

Industry proposed the idea of CEPEA in April 2006 at the 38th
Asean Economic Ministers (AEM) meeting in Kuala Lumpur.

m 10 member-countries of ASEAN, together with Japan,

South Korea, China, India, Australia and New Zealand.

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m Aim is virtually to organize multi-regional organization of East
Asian, Indian Ocean and Southeast Asian countries so that it
can enlarge and build up the multi-regional economic
partnership.

m Currently comprehend approximately 3 billion-population and

US$ 9 trillion economic capacity, that is, more than 20 percent
of the world¶ economic output.

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1. Free trade agreement

2. Trade facilitation

3. Economic cooperation

4. Energy and environment

5. Information technology

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ã Free Trade Agreement.

ã Cooperation programs such as climate change, monetary

cooperation, human resource.

ã Development and infrastructure construction.

ã Coordination of economic policies.

ã Institutional framework, OECD of East Asia: ERIA can serve

as a basis.
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ã The Economic Research Institute for ASEAN and East Asia
(ERIA) has been developing the "Comprehensive Asia
Development Plan" in cooperation with the ADB and the
ASEAN Secretariat, as per Japan¶s proposal, since last June.

ã ASEAN is planning to coordinate with the "Comprehensive

Asia Development Plan.´

ã ³Delhi-Mumbai Industrial Corridor´ has already been put into

practice, through the cooperation of Japan and India.

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ã At the Mekong-Japan Summit last year (in Tokyo), the
³Mekong-Japan Economic and Industrial Cooperation
Initiative´ was agreed on by leaders.

ã At the ³Indonesia-Japan Joint Economic Forum´, held on Jan

11th, 2010, Minister Naoshima and related Ministersin
Indonesia agreed on the development of the ³Indonesia
Economic Development Corridor.

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Project Overview
ã Develop the broad area between Delhi and Mumbai by
connecting industrial estates and ports with Dedicated Freight
Corridor (DFC) and road for the trade and FDI promotion.
ã In January 2008, Delhi-Mumbai Industrial Corridor
Development Corporation (DMICDC) was incorporated to
prepare detailed projects and to coordinate DMIC project
development, finance and implementation.
ã In October 2008, PM Manmohan Singh visit to Japan , the two
leaders agreed on the establishment of the Project
Development Fund(PDF) and the support of the Early Bird
Projects.(Japan:5projects, India: 12projects)
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Project Goals & Approach
㠉ithin 5 years,

ã Double employment potential

ã Triple industrial output

ã Quadruple exports from the region

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ã Promote in an integrated manner, hard and soft infrastructure
development and industrial development, in each corridor in
Mekong and Indian region. (To support Human development
in logistics, introduction of electronic customs, etc as a soft
infrastructure)

ã Hard infrastructure- Roads, ports etc

ã Soft infrastructure- Truck logistics beyond the boundary of
customs,nations etc

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ã Final round of talks on the Comprehensive Economic
Partnership Agreement (CEPA) between the two countries in
progress.

ã India and Japan are committed to a high quality Agreement

that would not only take the bilateral trade and economic
relations to a new height but also bring the two great
democracies closer in harnessing their full potential for a
meaningful strategic partnership in the region.
ã V
ia has the following additional arrangements in place:
Î a feasibility study with New Zealand about entry into an
agreement;

plus

multiple additional bilateral agreements between one or more

ASEAN members separately.

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ã The ASEAN-India Trade in Goods (TIG) Agreement came into
effect on 1 January 2010.

ã The ASEAN-India Trade in Services and Investment

Agreements are still under negotiation

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