The trade agreement, formally dubbed because the Comprehensive Economic Cooperation Agreement (CECA), came into force in 2005.
India and Singapore Saturday launched consequent spherical of review for his or her existing trade agreement with a read to any boost bilateral trade and investments between the countries, the commerce ministry aforesaid. The trade agreement, formally dubbed because the Comprehensive Economic Cooperation Agreement (CECA), came into force in 2005. in an exceedingly FTA review, 2 commerce partners unremarkably discuss ways in which to any relax norms and rules to push trade and investments.
The review spherical was launched by Commerce and business Minister Suresh Prabhu and Minister of Trade Relations of Singapore S Iswaran.
Suresh Prabhu (left) with Singapore’s minister of Trade Relations, S Iswaran.
“The launch of the review signals any deepening of business, economic and trade collaboration between the 2 countries,” the ministry aforesaid in an exceedingly statement.
Singapore is that the second largest commerce partner of India among ASEAN and India is that the largest commerce partner of Singapore in South Asia, with a bilateral trade of USD seventeen.7 billion in 2017-18.
Prabhu, United Nations agency was in Singapore, conjointly participated within the fifteenth ASEAN Economic Ministers-India Consultations.
within the meeting, Bharat reaffirmed the necessity for review of ASEAN-India change product Agreement.
throughout his bilateral meeting with Hiroshige Seko, Japan’s Minister of Economy, Trade and business, Prabhu wanted bigger Japanese investments in vehicles, loading craft and producing sectors.