New Delhi, Sept. 25 -- India is set to pursue a new trade deal with Japan seeking greater market access-modelled on the East Asian giant's pact with the US-as New Delhi seeks to correct the trade gap with its long-time partner, said two people aware of the development.

"The review of the existing FTA (free-trade agreement) with Japan is on the agenda and is expected to start soon. The discussions will be comprehensive, covering trade imbalances, market access, and tariff structures to make the agreement more balanced," said one of the two people cited above.

The second person said New Delhi aims to secure opportunities to export rice to Japan and address the widening bilateral trade deficit. Both spoke on the condition of anonymity.

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