New Delhi, April 18 -- India is likely to initiate negotiations with Japan in the coming months to review their 2011 free trade agreement (FTA), formally known as the Comprehensive Economic Partnership Agreement (CEPA).

The primary objective for India is to address the persistent trade deficit it has faced with Japan since the implementation of the CEPA, reported Mint.

According to sources familiar with the matter, both India and Japan are open to reviewing the trade deal. India has long pursued a review, and the newly elected government aims to initiate negotiations within its first 100 days in office, considering it a priority issue

The CEPA, signed in 2011, provided duty-free and low-duty market access for most items between the two...