CECA trade - Printable Version

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CECA trade - Bigiron - 11-06-2024

CECA trade

Meta AI: The Comprehensive Economic Cooperation Agreement (CECA) is a free trade agreement between Singapore and India signed in 2005 ¹ ² ³. The agreement aims to strengthen bilateral trade and economic relations between the two countries. Here are some key points about CECA:

Myth vs Fact:
- CECA does not give Indian nationals unfettered access to Singapore's labour market ³.
- All foreign workers have to meet prevailing work pass criteria before they are allowed to work in Singapore ³.

Benefits:
- Elimination of tariff barriers, double taxation, and duplicate processes ¹
- Enhanced bilateral collaboration in fields like education, science, technology, aviation, and financial services ¹
- Increased trade and investment between Singapore and India ²

Controversies:
- Critics argue that CECA has led to job displacement for Singaporeans ²
- Some politicians have called for a review of CECA ²

India–Singapore Comprehensive Economic Cooperation Agreement - Wikipedia
https://en.m.wikipedia.org/wiki/India%E2%80%93Singapore_Comprehensive_Economic_Cooperation_Agreement

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