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 23rd Feb 2017

Incentives would spur jobs: New ASSOCHAM president

Further incentives for investment into manufacturing, IT,...

Information Technology | On 23rd Feb 2017

Lectra unveils supply chain programme for fashion industry

Lectra, the world leader in integrated technology solutions dedicated ...

Fashion | On 23rd Feb 2017

London top destination for new luxury stores: Savills

London has topped the global ranking for new luxury retail store...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search