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26 October 2009

Singapore, India to review FTA

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Singapore's free trade agreement with India, the Comprehensive Economic Cooperation Agreement, will undergo a second review, reported the island-state online news website Channel News Asia.

This was agreed upon by the prime ministers of the two countries, Singapore's Lee Hsien Loong and India's Manmohan Singh, during their bilateral meeting in Hua Hin on the sidelines of the East Asia summit.

Lee said the trade ministers of both countries had discussed the matter earlier and Dr Manmohan Singh supports the review of the agreement as this would further enhance ties between the two nations.

The Singapore premier said the republic's relations with India are very good as both sides have close cooperation bilaterally.

Singapore has also played a small part in helping India to become a dialogue partner with the ten-member Asean grouping.


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