Plastics
It was also agreed that Indian goods entering Singapore would not be subject to any tariffs as soon as CECA came into force.
How do tariffs affect us as regular Singaporeans?
Higher tariffs means that customers need to pay more for the goods. By lowering and removing tariffs through CECA,
Singaporeans can save money on imports from India that are covered under the agreement.
This also means that there are
lower barriers of entry for Singaporeans looking to enter the Indian market through exports.
Still sounds a bit abstract, doesn t it?
What else does CECA have an influence on?