JAPAN SIGNS PACT TO IMPORT RARE EARTHS
FROM INDIA
India and
Japan on November 16, 2012 inked two agreements, including one that will enable
Tokyo to import rare earths minerals,, which is expected to ease Tokyo's
dependence on China for the key material that is vital for producing a range of
high tech products.
The
agreements, both of which were supposed to be signed during the later cancelled
trip of Prime Minister Manmohan Singh, were
inked by Japanese Foreign
Minister Koichiro Gemba and India's Ambassador to Japan Deepa Wadhwa in New
Delhi.
The
signing of these agreements will strengthen the India-Japan strategic and
global partnership, a statement released by the Ministry of External Affairs
said.
The other
deal—Social Security Agreement—will benefit about 30,000 citizens of both
countries. About 22,000 Indians working in Japan and about 8,000 Japanese are
employed in India and their social security contributions won't be deducted in
both countries.
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