Singapore News

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India to cut tariffs on Singapore imports

Posted by jtsmyth8 on November 30, 2007

India will eliminate or reduce tariff on 555 products it imports from Singapore to boost bilateral trade, Information and Broadcasting Minister, P R Dasmunsi, said on Friday.

“The Cabinet at its meeting on Thursday evening gave its approval for tariff elimination/reduction on 555 products through a protocol of amendment of India-Singapore Comprehensive Economic Cooperation Agreement,” he told reporters here.

New Delhi would also offer Singapore any subsequent improvement made at the time of ASEAN-India Free Trade Agreement in terms of product coverage timeline, Rules of Origin with appropriate amendments to India-Singapore CECA. (story)


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