What Is Ceca Agreement

What Is Ceca Agreement

While the Ministry of Trade and Industry (MTI) issued a statement indicating that Singaporeans are “understandable” with competition from skilled workers, managers and foreign executives (SMEs) due to the current sluggish economic and employment situation. However, it is “misleading” to say that the number of Indian SMEs, particularly intragroup takers, is exclusively or largely transferred to the ECSC. MTI also rejected the fact that “none of our free trade agreements, including Ceca, require us to automatically provide employment passports to every foreigner.” In addition, “all foreigners applying for a work card must meet our predominant criteria and all companies must respect fair hiring rules.” Despite the government`s clarification on this issue, citizens in the network remain skeptical of the Singapore-India free trade agreement. [13] WHAT CONCERN their respective rights, obligations and obligations as members of the developing countries of the World Trade Organization and in other multilateral, regional and bilateral agreements and arrangements; This agreement may be amended by written agreement of the parties and these amendments come into effect on the date agreed between them or on the dates agreed between them. disputes arising from or arising from mutual recognition agreements or agreements between their respective professional, standardization or self-regulatory bodies pursuant to this section, and that the provisions of Chapter 15 do not apply. C) A party proposing the application of a measure offers a sufficient possibility of prior consultations with the other party, where possible, in order to verify the information resulting from the investigation, exchange opinions on the measure and reach an agreement on compensation provided for in Article 2.9.3. During these consultations, the parties review, among other things, the information covered in point (b) to determine that higher rates mean that customers must pay more for goods. The reduction and removal of tariffs by the ECSC will save Singaporeans money on Indian imports covered by the agreement. Disputes arising from the provisions or provisions of such agreements or agreements.

(c) in the event of a disagreement over registration, each party may refer the Joint Mutual Recognition Committee for decision. measures by which it treats persons of a non-contracting party more favourably than persons of the other party in this agreement as a result of a bilateral double taxation agreement between the party and that non-contracting party. While the agreement has become a point of mourning for Singaporeans who believe that an influx of Indian skilled workers has cost them their jobs or supplanted our society, the simple answer to this question is no. The comprehensive agreement between India and Singapore, also known as the Comprehensive Economic Cooperation Agreement or simply the ECSC, is a free trade agreement between Singapore and India aimed at strengthening bilateral trade. It was signed on June 29, 2005. [1] in question. The requesting contracting party, subject to its domestic law and the conclusion of a satisfactory agreement on the applicant`s respect for confidentiality, also provides the applicant with other information available to it. If you are interested, you can read the full legal text of the agreement here.

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