SINGAPORE: The Singapore-India Comprehensive Economic Cooperation Agreement does not automatically grant Indian nationals access to Singapore citizenship, permanent residence or employment here, the Ministry of Trade and Industry said on Thursday .
CECA entered into force in 2005. According to information on the Government of Singapore website, the agreement provides for expanded tariff concessions and improved rules of origin which give Singapore businesses greater access to India’s market, and allows for the movement of four types of business people between Singapore and India.
"However, it is misleading to attribute the number of Indian PMEs, especially intra-corporate transferees, solely or mainly to CECA," said the spokesperson.Anyone seeking to enter Singapore as intra-corporate transferees under CECA or any free trade agreement must meet Singapore's prevailing work pass rules, said the spokesperson.
READ: Minimum qualifying salary to rise by S$600 for Employment Passes and S$100 for S Passes, higher requirement for financial services This is the second such increase in 2020 – the salary criteria for new Employment Pass holders was raised by S$300 to S$3,900 in May, and before that, also by S$300 to S$3,600 in Jan 2017.
As with other sectors, the new S$4,500 salary criteria for Employment Passes will take effect for the financial services industry in September.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Amazon faces new antitrust challenge from Indian online sellers - legal documentsA group of more than 2,000 online sellers has filed an antitrust case against Amazon in India, alleging the U.S. company favours some retailers ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Exclusive: Amazon faces new antitrust challenge from Indian online sellers, legal documents showA group of more than 2,000 online sellers has filed an antitrust case against Amazon in India, alleging the U.S. company favours some retailers ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Coronavirus hits isolated Indian island tribePORT BLAIR, INDIA (AFP) - Ten members of India's dwindling Great Andamanese tribe have tested positive for the coronavirus, officials said Thursday (Aug 27), fuelling concerns about the safety of the group and other indigenous people in the remote archipelago.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Indian court halts insolvency proceedings against Reliance's Anil AmbaniNEW DELHI (REUTERS) - An Indian court on Thursday (Aug 27) halted insolvency proceedings against Reliance Group chairman Anil Ambani, the younger brother of India's richest man, and barred him from disposing of any of his assets.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Indian telecom firms to feel the pinch of excluding Chinese firms from 5G trialNEW DELHI - India is quietly tightening regulations against Chinese firms in the telecommunications sector as border troubles simmer over, with China's Huawei Technologies Co and ZTE Corp reportedly being barred from upcoming 5G trials.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
India-Singapore free-trade agreement doesn't grant automatic access to citizenship, PR status or a job: MTITHE India-Singapore Comprehensive Economic Cooperation Agreement (CECA) does not give Indian nationals automatic access to citizenship, permanent residence or employment in Singapore, a Ministry of Trade and Industry spokesperson said on Thursday, in response to media queries. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »