Singapore and India will soon launch a third round of discussions on a key bilateral economic pact and will consider expanding their air services agreement in view of growing traffic. Speaking at a press conference after holding wide-ranging discussions at the Istana on Friday (June 1), Prime Minister Lee Hsien Loong and visiting Indian Prime Minister Narendra Modi said they had agreed to deepen economic ties and build on defence cooperation. Announcing that the second review of the economic pact, Comprehensive Economic Cooperation Agreement (CECA), had been completed, Mr Lee said this showed bilateral economic ties were substantial and the two countries wanted to do more together. Mr Modi said both leaders had agreed that the conclusion of the review was not the target but rather the means to an end. “Our officials will soon begin discussions on upgrading and reforming this agreement,” Mr Modi said. It was not clear if progress had been made in some contentious issues like greater access for India’s banks and software professionals in Singapore. The two leaders on Friday also witnessed an exchange of Memorandums of Understanding in numerous fields, including the training of public service officials, cyber security, and narcotics control. PM Lee then hosted an official… Read full this story
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