India Singapore Comprehensive Economic Co-operation Agreement (CECA):

Tariff concessions offered by India and Singapore to each other in Merchandise Trade are:

1. Singapore’s Offer: Singapore has zero customs tariff on all tariff lines except for six products. Singapore has agreed to bind all their tariff lines at zero customs duty for India.
2. India’s Offer: The key sectors in which India offered tariff concessions include electrical and electronics, instrumentation, pharmaceuticals and plastics. India’s offer has been categorized into four lists, Early Harvest, Phased Elimination, Phased Reduction and the Negative List. Negative List products, whether originating or otherwise, will enter into India from Singapore on the applied most favoured nation (MFN) duties. An additional list of tariff concessions was released on 15 January, 2008. Under the agreement, goods such as base metal, machinery and mechanical appliances, chemicals, plastic and rubber articles and textiles and textile articles will enjoy reduced tariffs.
3. During the review of CECA in December 2007, India made a fresh commitment to offer tariff concessions on 539 additional items. Some of these items were kept in the negative list earlier- articles of base metals, textiles, machinery and mechanical appliances, chemicals, plastic, rubber and textile articles. At the end of this, 93 percentage of India’s imports from Singapore will be under reduced tariffs.