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Conclusion: Post-Ceca

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Chapter Summary

The Indian education system is known to be rigid and to emphasise discipline, but it has built a strong foundation in mathematics and science, which largely explains the rich talent pool for the Information Technology (IT) industry in India. In 1988, then Singapore Trade and Development Board (TDB) marked out four areas of cooperation between India and Singapore: electronics; marine and ocean engineering; tourism-related trade such as hotels and resorts; and, finally, the semi-processing of fruit products. The benefits for the IT sector under Comprehensive Economic Cooperation Agreement (CECA) would also come in the form of national treatment of investors and institutionalised investment protection. Singapore and India were aiming to implement an improved Double Taxation Avoidance Agreement (DTAA). Future research on Singapore and India economic relations could encompass a wider study that would take into account different sectors where both economies are beginning to collaborate.

Keywords: Comprehensive Economic Cooperation Agreement (CECA); Double Taxation Avoidance Agreement (DTAA); India; Information Technology (IT) industry; Singapore; Singapore Trade and Development Board (TDB)



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