They are similar concept. CECA ( is not FTA, FTA is not CECA unless you think they are the same. Agreeing to CECA is akin to prostituting our country.
Serious It's Official! Brahmin Editor Ravi Velloor Says That CECA Is Good For Singapore! If You Hate CECA, It Means You Hate Free Trade!
- Thread starter JohnTan
- Start date
- Joined
- Oct 30, 2014
- Messages
- 36,768
- Points
- 113
Thanks to CECA, bilateral trade between Singapore and India increased many times. This has created hundreds of thousands of thousands of good PMET jobs for sinkies.
https://www.gov.sg/article/can-firm...t-valid-work-passes-or-without-adhering-to-fa
Under CECA, bilateral trade has grown from $16.7 billion in 2005 to S$26.4 billion in 2018. CECA has facilitated the increase in economic interaction between India and Singapore. Our companies’ investments into India has increased from $1.3 billion in 2005 to $48.5 billion in 2017, while India’s investments into Singapore have increased from $1.3 billion in 2005 to $20.2 billion in 2017.
Singapore exporters and investors benefit from the increased business opportunities through enhanced access to the Indian market: their success and expansion enable them to create more good jobs for Singaporeans. Indian investments in Singapore similarly create good jobs for Singaporeans that would otherwise have gone elsewhere.
Locals comprise around 75% of employed PMETs in the sectors covered under the Growth Sectors Initiative.[1] Since CECA was signed in 2005, the total number of local employed PMETs has grown by more than 400,000. Local PMETs have also seen their real wages grown, from 0.6%p.a. before CECA to 1.9% in 2020.
Similar threads
