India Singapore Free Trade Agreement

In September 2018, India and Singapore officially launched the third REVIEW of the ECSC, focusing on trade facilitation, e-commerce and customs. [9] Singapore`s parliament on Wednesday rejected a proposal by the opposition that had concluded a free trade pact with India for allegedly paving the way for Indian professionals to return to work for domestic workers in that country. The Department of Trade and Industry (MTI) issued a statement noting that Singaporeans are “naturally concerned” about competition from foreign professionals and executives (SMEs) due to the current economic situation and gloomy employment. However, it is `misleading` to assert that the number of Indian RMEs, in particular those displayed within the group, goes exclusively or largely to the ECSC. MTI also denied that “none of our free trade agreements, including this one, require us to automatically grant employment passports to every foreigner.” In addition, “all foreign nationals applying for an employment passport must meet our applicable criteria, and all companies must comply with the rules of fair hiring.” Despite the government`s clarifications on the matter, netizens remain skeptical about the free trade agreement between Singapore and India. [13] Since the signing of the ECSC, bilateral trade and investment between Singapore and India has increased considerably. Singaporean companies can better access investment opportunities and trade with India. As part of our network of free trade agreements, ECSC also makes Singapore a more attractive place for global companies and encourages them to set up in Singapore and enter the Indian market from here. These have led to the creation of good jobs for Singaporeans. The India-Singapore Comprehensive Economic Cooperation Agreement, also known as the Comprehensive Economic Cooperation Agreement or simply ECSC, is a free trade agreement between Singapore and India aimed at strengthening bilateral trade. It was signed on 29 June 2005.

[1] “None of our free trade agreements (FTAs), including the ECSC, require us to automatically grant PEs to foreigners,” the spokesman said. “All foreigners applying for the PE must meet our current criteria, and all companies must comply with the fair recruitment rules.” The ECSC entered into force in 2005. It was the first comprehensive economic agreement between Singapore and a South Asian country. (iii) a manufacturer of the like or directly competitive article in India, or a trade association the majority of whose members manufacture or trade the like article or the directly competitive article in India; Free trade agreements (FTAs) are contracts that facilitate trade and investment between 2 or more economies. Singapore has an open economy driven by trade in goods and services. Over the years, he has forged an extensive network of 25 implemented agreements. (i) all exporters or producers in the Republic of Singapore or importers of the product that are the subject of a safeguard investigation or of a trade association or enterprises the majority of which are producers, exporters or importers of such an article, or, as he added, that Leong`s complaint relates to employment fears; but “continues with a negative campaign to link this to free trade agreements and the ECSC and continue to foment racism and xenophobia”. [2] [3] Singapore has invested in projects to modernize Indian ports and airports, as well as in the development of computer parks and a Special Economic Zone (SEZ). [2] India has become Singapore`s 4th largest tourist destination, with over 650,000 Indians visiting Singapore in 2006.

The two countries have worked on cooperation in the fields of aerospace, space programs, information technology, biotechnology and energy. [2] Leong Mun Wai, a non-constituency MP (NCMP) of the PSP, had tabled the motion calling on the government to take urgent and “concrete” measures to address Singaporeans` widespread fear of jobs and livelihoods caused by foreign talent policies and provisions on the free movement of natural persons in some free trade agreements (FTAs) such as the ECSC. In response to allegations that surfaced in early 2016 that Singapore had withdrawn its commitment to the ECSC by blocking Indian IT professionals applying for work visas and that India had suspended another trade exemption in response[5], a spokesman for the Indian Ministry of Commerce confirmed that India had not put the ECSC on hold and that it was still in force. Singapore also stated that it had not received any official notice from the Indian government that the ECSC review had been suspended. [6] “Singaporeans are naturally concerned about competition from foreign professionals and executives (SMEs) in a difficult economic and employment context,” the spokesperson said. 1. The safeguard measure applied under Rule 12 shall apply only for the period necessary to prevent or remedy serious harm and to facilitate positive adaptation. 1. Notwithstanding the provisions of Sub-Rules 1, 3 and 8 of Rule 5, Rule 8(2) and Rule 10 of Rule 5, all information which is by nature confidential or which is transmitted in a confidential manner shall be treated as such by the Director-General for established reasons and shall not be treated as such without the express permission of the Party providing such information: be transmitted. .

The safeguard measure taken under Rule 11 shall take effect from the date of publication of the notice in the Official Journal in which the measure is taken. . (b) material injury or threat of material injury to the domestic industry; (vi) the time allowed for interested parties to make their views known through appropriate representation. Provided that the amount and duration of the safeguard measures, when applied, are sufficient to remedy the injury or threat of injury to the domestic industry. There is no provision in the ECSC that allows Indian nationals to become permanent residents or citizens of Singapore; Nor does the ECSC require Singapore to automatically grant employment passports (EPs) to EmEs in India. 9. Where an interested party refuses access to or otherwise fails to provide the necessary information within a reasonable time or significantly impedes the investigation, the Director-General may, on the basis of the information at his or her disposal, record its findings and make such recommendations to the central government as he or she deems appropriate in those circumstances. Step 1: Find out what is the preferred price offered for your product (ii) whose collective edition of the similar item or a directly competing item in India represents a large part of the total production of said item in India; (b) an increase in the rate of duty applicable to products to a level not exceeding the most-disadvantaged (most-favoured-nation) duty rate applicable to the product at the time of the measure and the most-favoured-nation duty rate applicable to the product concerned on the day immediately preceding the start of the investigation period; or (3) The Director-General shall also make his recommendations on the duration of the protective measure: 1.

The Director-General shall conduct the investigation promptly and may, in critical circumstances, record a preliminary finding of serious injury or risk of serious injury. Provided that the Director-General also makes a copy of the request available to any other interested party upon written request. — a statement of the efforts made or to be made, or both, to make a positive adjustment to import competition. Provided that no protective measures are taken against a particular article as long as there is an overall protection measure in relation to this article. Where a comprehensive safeguard measure is taken in respect of a given article, any existing bilateral safeguard measure taken against that article shall be repealed and, once the safeguard measure has been terminated, the duty shall be equal to the duty that would have been in force in the absence of the measure. . . .

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