India, Singapore focus on bilateral trade to boost economic ties
The Dollar Business Bureau | @TheDollarBiz The Foreign Ministers of India and Singapore have directed officials to identify concrete projects in five focal areas of cooperation including trade, connectivity and investments, as a part of the second review of the Comprehensive Economic Cooperation Agreement (CECA) that was signed between the two countries in 2005. Singapore’s Foreign Minister K. Shanmugam and India's External Affairs Minister Sushma Swaraj said today in Singapore that CECA has helped bilateral trade to increase from $4.2 billion in 2003-04 to around $19.3 billion in 2013-14. “Singapore became one of India’s largest foreign investors in 2013, while Singapore is one of India’s top investment destinations,” they said. Sushma Swaraj said, “It is gratifying that Singapore is ...
