The 4th meeting of the India-Singapore joint working group on Trade & Investment (JWGTI) took place at Vanijya Bhawan in New Delhi on Thursday, bringing the two nations together to strengthen economic cooperation and chart future areas of partnership. The meeting was held a day after the 3rd India-Singapore Ministerial Roundtable, underscoring a week of intensive bilateral engagement.
Strengthening Trade, Tech, and Investment Synergies
According to a Ministry of Commerce & Industry press release, the discussions centred on expanding trade and investment links, identifying priority sectors for alignment, improving logistics and supply chain efficiency, simplifying regulations, and enhancing cross-border trade facilitation.
During the meeting, both sides reviewed progress in existing collaborations, including work in the semiconductor sector and the digitalisation of trade processes. They also explored new opportunities in skills development, capacity building, and other emerging industries.
India-Singapore Mark Milestones, Eye Deeper Ties
The talks were co-chaired by Rajesh Agrawal, Special Secretary, Department of Commerce, Ministry of Commerce and Industry, and Beh Swan Gin, Permanent Secretary, Ministry of Trade and Industry, Singapore.
Agrawal noted that the India-Singapore relationship has moved beyond traditional trade frameworks, with ample opportunities for further cooperation still ahead.
This year marks significant milestones: the 60th anniversary of diplomatic ties between the two countries and the 20th anniversary of the comprehensive economic cooperation agreement (CECA). Signed in 2005, CECA was India’s first comprehensive trade agreement with any country and Singapore’s first such pact with a South Asian nation.
Singapore: India’s Gateway to ASEAN Growth
Singapore remains a key economic partner for India. It is India’s largest trading partner within ASEAN, with bilateral trade touching USD 34.26 billion in 2024-25. The island nation is also India’s second-largest source of Foreign Direct Investment, contributing USD 163.85 billion (about Rs. 11,24,509.65 crore) in equity inflows between April 2000 and July 2024, accounting for roughly 24 per cent of cumulative FDI inflows.
The gathering reaffirmed the shared intent to strengthen economic ties, while setting the stage for further technical discussions and follow-up actions in the coming months. (Inputs from ANI)
Also Read: EAM S Jaishankar Congratulates Singapore On 60th National Day: ‘Cherish Enduring Friendship’
Ankur Mishra is a journalist who covers an extensive range of news, from business, stock markets, IPOs to geopolitics, world affairs, international crises, and general news. With over a decade of experience in the business domain, Ankur has been associated with some of the reputed media brands. Through a sharp eye on global marketplaces along with deep insights and analysis of business strategies, Ankur brings simplicity to the complex economic matrix to decode market trends and empower people.
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