ISAS Working Papers

Bilateral merchandise trade between India and Singapore is growing at a robust pace. During the period 2003 to 2007, bilateral trade grew at an annual average rate of 32.5 percent. There are several factors driving this rapid increase in trade. These include a pick-up in the trend rate of growth of IndiaÔÇÖs gross domestic product and high import demand from a buoyant Indian industry, deeper penetration of Indian exports in Singapore market2 and an enabling trade framework provided by the Comprehensive Economic Cooperation Agreement (CECA).