The India-Singapore Comprehensive Economic Co-Operation Agreement (CECA): a Good Beginning Towards an Enduring Economic Relationship‪.‬

Introduction The past decade has witnessed a significant expansion in bilateral economic relations between Singapore and India. Thus, while the total bilateral merchandise trade between the two countries trebled during 1991-2002, reaching US$4.20 billion, the bilateral services trade increased by 40 per cent from 1998 to US$0.74 billion in 2000. These trade flows have also been accompanied by increasing volume of foreign investments, with Singapore emerging as the eighth largest foreign investor in India as of 2002 (Joint Study Group [JSG] 2003). These investments have covered a wide range of sectors from telecommunications, electrical equipments, electronics, health care, and real estate, to port development, trade logistics, tourism, and transportation. These economic linkages have been further strengthened by the development of institutional links particularly between the trade, investment, and tourism promotion agencies of the two countries. (1)