Question : CHEAP IMPORTS FROM SINGAPORE



(a) the total quantity of imports alongwith its value from Singapore during each of the last three years and in the current year, till date;

(b) whether cheap imports from Singapore have affected the domestic industry;

(c) if so, the steps taken by the Government in this regard;

(d) whether the Government is considering to make changes in the Indo-Singapore Comprehensive Economic Cooperation Agreement; and

(e) if so, the details thereof?

Answer given by the minister


THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY(SHRI JAIRAM RAMESH)

(a) The total quantity of imports alongwith its value from Singapore during each of the last three years and in the current year is as follows: (Value in US $ Million)


Year Exports Imports Total Trade Balance

2004-05 3795.51 2582.16 6377.67 1213.35

2005-06 3366.19 1789.76 5155.95 1576.43

2006-07 6,021.06 5,470.16 11491.22 550.90

2006-07 4,780.40 4,187.06 8967.46 593.34

(Apr-Dec) 2007-08 5,133.64 5,620.01 10753.65 -486.37

(b) No, Sir

(c) Does not arise

(d) & (e) A Protocol for Amendment of India-Singapore Comprehensive Economic Cooperation Agreement (CECA) was signed on 20.12.2007 in New Delhi for additional tariff concessions to Singapore on 539 tariff lines. Ministry of Finance has notified the amendment on 15.01.2008 to give effect to the additional tariff concessions on 539 items.