What is CECA?
CECA is a part of Singapore’s extensive network of 26 Free Trade Agreements (FTAs).
CECA entered into force in 2005. It was the first comprehensive economic agreement between Singapore and a South Asian country.
Why does CECA matter?
Our FTAs widen and facilitate our businesses' access to overseas markets when exporting their goods and services, provide protection for their investments abroad and provide certainty on foreign regulations.
Specifically under CECA:
- With tariff reduced under CECA, Singapore companies’ products are more competitively priced in India's large consumer market.
- More than 3,000 tariffs have been zeroed under CECA, and another 2,000-plus tariffs reduced. Products that benefit include the following:
- CECA gives preferential access for Singapore service providers and investors in sectors of interest: including engineering, banking, telecommunications and real estate development. Such access gives them more opportunities to expand beyond Singapore.
- Clear provisions, such as those spelling out dispute resolution processes, give Singapore investors greater confidence and protect their investments in India.
|Have an export question? Please refer to the Tariff Finder site here. Read more on the benefits of CECA for businesses here.|
How does CECA benefit us?
Since CECA was signed, bilateral trade and investment between Singapore and India have increased significantly.
Singapore companies can better access investment opportunities and increase trade with India. As a part of our network of FTAs, CECA also makes Singapore a more attractive base for global companies, encouraging them to base themselves in Singapore and enter the Indian market from here.
These have resulted in the creation of good jobs for Singaporeans.