For another 97 products, tariff elimination is to be achieved in 9 equal cuts between 15th January 2008 and 1st December 2015. These 97 items comprise mainly of machinery and mechanical appliances, plastic and rubber articles and textile and textile articles.
For 135 products, tariff reduction to 5% is to be achieved in 9 equal cuts between 15thJanuary 2008 and 1st December 2015. These items comprise mainly of chemicals, plastic and rubber articles and machinery and mechanical appliances.
Under the existing Trade in Goods Agreement, about 83% value of India's imports from Singapore are covered under products for which tariff is being eliminated or reduced. After the proposed additional tariff concessions, this coverage would go up to about 93%.
It has also been decided to extend, under India-Singapore CECA, additional concessions that India may offer under ASEAN-India FTA in Goods in terms of product coverage, time-line, Rules of Origin, with appropriate amendments to India- Singapore CECA.
Press Information Bureau Government of India
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