India–Singapore Comprehensive Economic Cooperation Agreement
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India–Singapore Comprehensive Economic Cooperation Agreement
The Comprehensive Economic Cooperation Agreement (CECA) is a free trade agreement between Singapore and India to strengthen bilateral trade. It was signed on 29 June 2005. After the signing, the India-Singapore Parliamentary Forum and the Singapore-India Partnership foundation with active support from the Federation of Indian Chambers of Commerce and Industry (FICC), the Confederation of Indian Industry (CII) and the Singapore Business Federation (SBF) was organised to promote trade, economic development and partnerships. The CECA eliminated tariff barriers, double taxation, duplicate processes and regulations and provided unhindered access and collaboration between the financial institutions of Singapore and India. The CECA also enhanced bilateral collaboration related to education, science and technology, intellectual property, aviation, information technology, and financial fields. Singapore has invested in projects to upgrade India's ports, airports and developing inf ...
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Comprehensive Economic Cooperation Agreement
The Comprehensive Economic Cooperation Agreement (CECA) is an agreement between Malaysia and India to strengthen bilateral trade. The agreement is in line with the recommendations given by the Joint Study Group which contained members from both the parties. This was signed by Dr. Manmohan Singh, the then Prime Minister of India and Mr. Najib Razak, the Malaysian Prime Minister on 27 October 2010 at Kuala Lumpur, Malaysia. Aim The aim of the agreement is to enhance economic and social benefits, improve living standards Standard of living is the level of income, comforts and services available, generally applied to a society or location, rather than to an individual. Standard of living is relevant because it is considered to contribute to an individual's quality ... and ensure high and steady growth in real incomes in their respective territories by expansion of trade and investment flows , To promote economics development, To promote investment References * http://w ...
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Ministry Of Trade And Industry (Singapore)
The Ministry of Trade and Industry (MTI; ms, Kementerian Perdagangan dan Perusahaan; zh, 贸工部; ta, வர்த்தக, தொழில் அமைச்சு) is a ministry of the Government of Singapore responsible for the formulation and implementation of policies related to the development of business, trade and industry in Singapore. Ministers The Ministry is headed by the Minister for Trade and Industry, who is appointed as part of the Cabinet of Singapore. The incumbent minister is Gan Kim Yong from the People's Action Party. References External links * {{authority control Trade and Industry Foreign trade of Singapore Singapore Singapore 1979 establishments in Singapore Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...
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Free Trade Agreements Of India
India is party to free trade agreements (FTAs) and other trade agreements with many countries and trade blocs, and is negotiating with many others. According to the Ministry of Commerce and Industry, "India is a late, and cautious, starter in concluding comprehensive preferential tariff agreements covering substantially all trade with some of its trading partners." The negotiations for the Comprehensive Economic Partnership Agreement between India and the United Arab Emirates were completed in 88 days, which was the shortest time span for any free trade agreement signed by India. Overview There are different types of trade agreements that enable preferential market access between India and signatory countries or trade blocs - preferential trade agreements (PTA), free trade agreements (FTA), and Comprehensive Economic Cooperation Agreements (CECA) and Comprehensive Economic Partnership Agreements (CEPA). A preferential trade agreement (PTA) involves two or more partners ag ...
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India–Singapore Relations
India-Singapore relations (; ; ; ), also known as Indian-Singaporean relations or Indo-Singaporean relations, are the bilateral relations between India and Singapore. Relations between the two countries have traditionally been strong and friendly, with the two nations enjoying extensive cultural and commercial relations. India and Singapore have signed the Comprehensive Economic Cooperation Agreement (CECA) and strategic-relationship agreement in order to increase trade, investments and economic cooperation, and expanded bilateral cooperation on maritime security, training forces, joint naval exercises, developing military technology and fighting terrorism. According to a 2010 Gallup poll, 40% of Singaporeans approve of India's leadership, with 23% disapproving and 37% uncertain. Background India and Singapore share long-standing cultural, commercial and strategic relations, with Singapore being a part of the "Greater India" cultural and commercial region. More than 500,000 p ...
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Ong Ye Kung
Ong Ye Kung ( zh, s=王乙康, p=Wáng Yǐkāng; born 1969) is a Singaporean politician and former civil servant who has been serving as Minister for Health since 2021. A member of the governing People's Action Party (PAP), he has been the Member of Parliament (MP) representing the Sembawang Central division of Sembawang GRC since 2015. Prior to entering politics, Ong worked in the Ministry of Communications, Ministry of Trade and Industry, Singapore Workforce Development Agency, National Trades Union Congress and Keppel Corporation. He was also the principal private secretary to Deputy Prime Minister Lee Hsien Loong between 2002 and 2004. He made his political debut in the 2011 general election as part of a five-member PAP team contesting in Aljunied GRC but lost. He contested again in the 2015 general election as part of a five-member PAP team contesting in Sembawang GRC and won. Before becoming Minister for Health, he was Minister for Education between 2015 and 2020, ...
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Singapore Citizen
Singaporean nationality law details the conditions by which a person holds Singapore nationality. The primary law governing nationality requirements is the Constitution of Singapore, which came into force on 9 August 1965. Individuals born to at least one Singaporean parent are typically automatically citizens at birth, regardless of where the birth occurred. Birth in Singapore by itself does not make a child eligible for citizenship. Foreign nationals may become Singaporean citizens after completing a residence requirement (normally 10 years) and renouncing any previous nationalities. Holding another nationality concurrently is generally disallowed and there are many paths for a Singaporean citizen to lose their citizenship should they acquire another nationality. Singapore was briefly a constituent part of Malaysia and local residents were Malaysian citizens from 1963 to 1965. Prior to this, Singapore was a colony of the British Empire and municipal citizens were British ...
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Piyush Gupta
Piyush Gupta (; born 24 January 1960) is a Singaporean banker currently serving as the chief executive officer, and director of DBS Group, the largest bank in Southeast Asia by total assets. He is also vice-chairman of the Institute of International Finance, and a board member of Enterprise Singapore. Early life and education Gupta was one of three children, born in Meerut, India, to R.S. Gupta and Minnie Gupta. He attended St. Columba's High School before going on to pursue a Bachelor of Arts (Honours) degree in economics from St. Stephen's College, Delhi. After graduating, he enrolled at the Indian Institute of Management, Ahmedabad for his postgraduate diploma in management. Professional career Career In 1982 and at the age of 22, Gupta started his career at Citibank India as a management trainee. He did several assignments with Citibank India, eventually being the chief-of-staff to the India head. He moved to Singapore in 1991 as the chief-of-staff to the Asia hea ...
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DBS Bank
DBS Bank Limited, often known as DBS, is a Singaporean multinational banking and financial services corporation headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore. The bank was previously known as The Development Bank of Singapore Limited, which "DBS" was derived from, before the present abbreviated name was adopted on 21 July 2003 to reflect its role as a global bank. It is one of the "Big Three" banks in Singapore, along with OCBC Bank and the United Overseas Bank (UOB). Listed on the Singapore Exchange, the bank was set up by the Government of Singapore on 16 July 1968 to take over the industrial financing activities from the Economic Development Board. Today, its more than 150 branches can be found throughout the country. DBS is the largest bank in Southeast Asia by assets and among the largest banks in Asia, with assets totaling about US$501 billion ( S$650 billion) as of 31 December 2019. It also holds market-dominant positions in c ...
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Non-constituency Member Of Parliament
A Non-constituency Member of Parliament (NCMP) is a member of an opposition list of political parties in Singapore, political party in Singapore who, according to the Constitution of Singapore, Constitution and Parliamentary Elections Act, is declared to have been elected a Parliament of Singapore, Member of Parliament (MP) without constituency representation, despite having lost in a parliamentary elections in Singapore, general election, by virtue of having been one of the best-performing losers. When less than 12 opposition MPs have been elected, the number of NCMPs is the difference to total 12. NCMPs enjoy all of the privileges of ordinary Members of Parliament. The NCMP scheme was introduced in 1984, and was a significant modification of the First-past-the-post voting, single-member simple-plurality electoral system traditionally associated with Westminster systems of government. Since the ruling People's Action Party had won all parliamentary seats in the four general el ...
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Leong Mun Wai
Leong Mun Wai (; born 1959) is a Singaporean politician and business executive. A member of the opposition Progress Singapore Party (PSP), he has been a Non-Constituency Member of Parliament of the 14th Parliament of Singapore since 2020. Education Leong was educated at Raffles Institution in the 1970s. He was awarded an Overseas Merit Scholarship by the Singapore Government in 1979 to study economics at Hitotsubashi University in Japan. Leong furthered his education and obtained a Master of Science degree in management from London Business School in 1992. Career Leong began his career in 1986 with the Government of Singapore Investment Corporation and subsequently worked with global investment banks in Tokyo, London and Hong Kong, assisting more than 100 companies in their IPOs and fund raising. He returned to Singapore in 1997 to assume an appointment as Managing Director of OCBC Securities, a wholly owned subsidiary of OCBC Bank, and one of the leading securities ...
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Tan Cheng Bock
Adrian Tan Cheng Bock ( zh, s=陈清木, p=Chén Qīngmù; born 26 April 1940) is a Singaporean politician and medical practitioner. He was the Member of Parliament (MP) for Ayer Rajah SMC between 1980 and 2001. He served as Secretary-General of Progress Singapore Party (PSP) between 2019 to 2021 and served as Progress Singapore Party (PSP) Chairman since 2021. Early life Tan was born on 26 April 1940 in Singapore. He came from a Hokkien-speaking family. Tan attended Radin Mas Primary School and Raffles Institution (RI). At RI, he was once the classmate of the future Prime Minister and Emeritus Senior Minister Goh Chok Tong. He graduated from the University of Singapore (now National University of Singapore) in 1968 with a Bachelor of Medicine and Surgery. He was a Member of Parliament between 1980 and 2006 as a member of the governing People's Action Party (PAP). In May 2011, he resigned from the PAP to stand as a candidate in the 2011 presidential election. Personal lif ...
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Progress Singapore Party
The Progress Singapore Party (abbreviation: PSP) is a centre-left political party in Singapore and is one of the three contemporary political parties represented in Parliament, alongside the governing People's Action Party (PAP) and opposition Workers' Party (WP). History The party was founded in 2019 by Tan Cheng Bock and 11 other members. They, together with Lee Hsien Yang, expressed that the current PAP leadership has "lost its way" and deviated from the founding principles of its founding fathers. The party was officially registered on 28 March 2019 after being approved by the Registry of Societies. The initial formation included 12 members, including some former People's Action Party's politicians. Party founder Tan Cheng Bock explained that the forming of the political party was a result of an erosion of good governance in terms of transparency, independence and accountability. The party also cited ensuring accountability from the People's Action Party and job creation ...
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