Singapore, India to cut tariffs on 30 more products
Rules of origin improved and new product specific rules created after second CECA review
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SINGAPORE and India will reduce or remove tariffs on a further 30 products, improve rules of origin and facilitate mutual recognition of nursing standards following the second review of the Comprehensive Economic Cooperation Agreement (CECA) between the two countries.
The conclusion of the review took place on Friday, Singapore's Ministry of Trade and Industry (MTI) announced.
Following the new update, tariffs on 30 products will be reduced or eliminated to the level under the free trade agreement between India and the Association of South-east Asian Nations (Asean). The new preferential tariffs apply to a variety of sectors, including food and nylon moulding powder.
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