- September 14, 2021
- Posted by: samdenis
A joint India-Singapore Task Force of 10 members was established to examine the scope and structure of the agreement. CECAF is a comprehensive agreement with India to promote bilateral cooperation and economic integration between our countries. In addition to extending tariff concessions and improving rules of origin allowing Singapore companies to better access the Indian market, CECAF allows the movement of four types of businessmen between Singapore and India. Existing citizenship, residence and employment regimes continue to apply. The agreement entered into force on 1 August 2005. The India-Singapore Economic Cooperation Agreement, also known as the Comprehensive Economic Cooperation Agreement or simply cecaf, is a free trade agreement between Singapore and India aimed at strengthening bilateral trade. It was signed on 29 June 2005.  CECAF began in April 2002, when then Prime Minister Goh Chock Tong and Atal Bihari Vajpayee, then Prime Minister of India, announced their intention to explore the benefits of closer economic relations between the two countries in order to launch a Comprehensive Economic Partnership Agreement within a year. A press release issued at the time said the agreement would “further improve bilateral relations by catalyzing the already growing flows of trade, investment, ideas and people.” While the deal has become a point of complaint for Singaporeans who believe an influx of Indian professionals has cost them their jobs or ousted our society, the simple answer to this question is no. If you are interested, you can read the full legal text of the agreement here. But you probably wouldn`t, so let`s keep going.
“It applies both to Indian companies that come here and to companies from Singapore that go abroad, under ceca or among others (free trade agreements). This should help them boost operations abroad. In accordance with Chapter 9 of the agreement, Singaporeans and Indians are allowed to enter India and Singapore for different periods, between two months and three years, depending on one of the four categories of visitors mentioned above. . . .