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Signing of the India-Singapore Comprehensive Economic Cooperation Agreement
Posted on Wednesday, June 29, 2005 - 12:00 AM

Indian Prime Minister Manmohan Singh and Prime Minister Lee Hsien Loong today signed the India-Singapore Comprehensive Economic Cooperation Agreement (CECA). This landmark agreement is India?s first ever CECA and is also the first comprehensive economic pact between Singapore and a South Asian country.

The CECA was successfully concluded after 13 formal rounds of negotiation, and encompasses trade in goods, trade in services, investment protections and other features. The CECA covers Mutual Recognition Agreements that will eliminate duplicative testing and certification of products in specific sectors, as well as cooperation chapters that will encourage and facilitate bilateral cooperation in several sectors. The CECA has also encompassed a review to the existing Avoidance of Double Taxation Agreement between India and Singapore.

The Agreement is a strategic compact between the two countries that will further enhance bilateral ties by catalysing the already growing flows of trade, investment, ideas and people.

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