Business Standard, 26 May 2013
The India-Singapore Comprehensive Economic Cooperation Agreement (CECA) seems to have reached a blind alley with the Singapore government’s insistence on maintaining higher standards for Indian banks operating there and constant refusal to give more market access to Indian professionals.
Commerce and industry minister Anand Sharma had recently visited Singapore for the second review of the CECA, which came into effect in August 2005, but the meeting remained inconclusive.
“The issue has been raised strongly by India at each and every round of discussions under the second CECA review. A favourable resolution of this issue is a must-have for India,” the official added. Full story
