ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Politics

Japanese, Indian PMs call for strict oil curbs on North Korea

Abe and Modi working to give teeth to UN resolutions

AHMEDABAD, India -- Japanese Prime Minister Shinzo Abe and his Indian counterpart, Narendra Modi, on Thursday signed a joint statement that calls for putting maximum pressure on Pyongyang to abandon its nuclear and missile programs. They did so while meeting in the western Indian city of Gandhinagar.

North Korea earlier this month conducted its sixth nuclear test.

On Monday, the U.N. Security Council adopted a resolution that caps exports of oil to North Korea. If implemented rigorously, oil shipments to the country will be cut 30%, but this depends on how strictly the curbs are enforced.

Abe and Modi also agreed to strengthen ties between Japan and India. China has been increasingly active in the Pacific and Indian oceans, areas of concern, respectively, for Tokyo and New Delhi. Their cooperation will include building infrastructure, such as ports and roads, and expanding defense cooperation with each other and the U.S. On defense, Japan will provide India with technical assistance, including joint studies on unmanned vehicles for ground operations.

On the economic front, Japan and India agreed to liberalize air transport to give airlines more freedom in setting routes between the two countries. The upper limit on the number of flights between them, currently 42 per week, will be abolished to allow airlines to decide on routes and the number of flights according to available landing slots.

The two sides will also set up a public-private working group to study exporting Japan's nuclear plant technology to India, eyeing an imminent nuclear power deal. Negotiations will include how to compensate for damages in the event of a nuclear accident under Indian law and what changes, if any, need to be made to the existing legal framework to allow for remedies.

Abe pledged to provide 190 billion yen ($1.71 billion) in loans to India. Of which, 100 billion yen will be used to build a high-speed railway system based on Japan's shinkansen bullet train system. In the western Indian state of Gujarat, where many Japanese companies operate, Japan will help build infrastructure, such as waterworks and roads.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends July 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media