INDIA-SINGAPORE COMPREHENSIVE ECONOMIC COOPERATION AGREEMENT (CECA)Comprehensive Economic Cooperation Agreement • February 22nd, 2010
Contract Type FiledFebruary 22nd, 2010In response to a request from Singapore, the Government of India agreed to eliminate or reduce tariffs on a total of 539 products (at the 8-digit level) as an additional concession within the existing CECA. On December 20, 2007, the Governments of India and Singapore signed a Protocol to amend the CECA with the aim of expanding the tariff liberalization package within the Trade in Goods (TIG) chapter of the Agreement. Under the preexisting TIG provisions of the CECA, approximately 83% of the total value of Singapore’s exports to India fell under the list for tariff reduction or elimination. As a result of India’s additional tariff concessions, coverage has risen to approximately 93% of the total value of Singapore’s exports.