Home / Knowledge / News / Textiles / CECA accord with Singapore makes textiles cheaper
CECA accord with Singapore makes textiles cheaper
Jan '11
The Finance Ministry of India, in conformity with a tariff elimination package under a bilateral free trade agreement with Singapore, has slashed the Customs duty on 539 manufactured goods.

Such slashing of duties is likely to trim down the cost of imports of a number of manufactured items like textiles, textile articles and machinery.

However, according to the industry experts, this would lead to a reduction in the protection that the domestic industry in these sectors has enjoyed, so far.

As the trade pact, formally called the Comprehensive Economic Cooperation Agreement (CECA), became effective in August 2005, both India and Singapore laid open their trade in goods by lowering the Customs tariffs.

Post implementation, the CECA for the first time was reviewed in 2007, when India consented to expand the cover of its tariff reduction package to another 539 items covered under the trade in the goods chapter. India then consented to abolish import duty on 307 of the 539 items, with the elimination taking place in five proportionate parts between January 15, 2008 and December 1, 2011. Machinery, textiles, textile articles, base metals and chemicals are the main items included in the list of 307 items.

With the recent cut in the Customs duty on the 539 items taking place, almost 307 items have come very close to zero-duty access and are seen to earn a complete duty free access from December 1, 2011.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search