CECA stands for Comprehensive Economic Cooperation Agreement.
This agreement is a bilateral trade agreement between India and Singapore that aims to promote economic cooperation and integration between the two countries.
The CECA was signed in 2005 and came into effect in 2006. It covers a wide range of areas, including:
- Trade in goods: The agreement aims to reduce tariffs and other trade barriers on goods traded between the two countries.
- Trade in services: The CECA liberalizes the trade in services, allowing for greater access to each other's markets.
- Investment: The agreement encourages and facilitates investment between the two countries.
- Cooperation in other areas: The CECA also covers areas such as intellectual property, competition, and dispute settlement.
The CECA has been successful in promoting economic cooperation between India and Singapore. It has led to increased trade and investment flows between the two countries. The agreement has also helped to strengthen the economic relationship between India and Singapore.
