TOKYO: Ficci president Anant Goenka Tuesday said businesses have flagged concerns over current bilateral trade deal between India and Japan, which has resulted in widening of trade deficit since it was signed, and access to market here and suggested changes to regulatory and certification regime.

Indian industry seeks regulatory harmonization and mutual recognition of standards with Japan to enhance investment and trade ties.

India's trade deficit with Japan is a growing concern for local exporters. Indian companies face hurdles accessing the Japanese market due to strict regulations. Ficci president…