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India, Singapore to Sign Free Trade Pact This Week

  • VOA News

India and Singapore are ready to sign a free trade pact this week to boost economic cooperation and build on growing trade and investment between the two countries.

The accord will remove investment barriers for Singapore companies and make it easier for Indian professionals to work for Singapore's service industries.

India's foreign ministry says the free-trade pact will be signed during a three day visit to New Delhi by Singapore's Prime Minister, Lee Hsien Loong, which begins Tuesday.

Mr. Lee meets with his Indian counterpart, Manmohan Singh, Wednesday, and after the talks the two sides would sign an integrated package of agreements.

The Foreign Ministry says the agreements are on free trade, investment, double taxation avoidance, and cooperation in health care, education, media and tourism.
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