The Comprehensive Economic Cooperation Agreement (CECA) is an agreement between
Malaysia and
India to strengthen
bilateral trade. The agreement is in line with the recommendations given by the Joint Study Group which contained members from both the parties. This was signed by
Dr. Manmohan Singh
Manmohan Singh (; born 26 September 1932) is an Indian politician, economist and statesman who served as the 13th prime minister of India from 2004 to 2014. He is also the third longest-serving prime minister after Jawaharlal Nehru and Indir ...
, the then
Prime Minister of India
The prime minister of India (IAST: ) is the head of government of the Republic of India. Executive authority is vested in the prime minister and their chosen Council of Ministers, despite the president of India being the nominal head of the ...
and
Mr. Najib Razak, the
Malaysian Prime Minister on 27 October 2010 at
Kuala Lumpur,
Malaysia.
Aim
The aim of the agreement is to enhance economic and social benefits, improve
living standards
Standard of living is the level of income, comforts and services available, generally applied to a society or location, rather than to an individual. Standard of living is relevant because it is considered to contribute to an individual's quality ...
and ensure high and steady growth in real incomes in their respective territories by expansion of trade and investment flows , To promote economics development, To promote investment
References
* http://www.indiantradeportal.in/vs.jsp?lang=1&id=0,1,63,69 Official Indian Trade Portal.
{{Refend
Foreign trade of India
Treaties of Malaysia
India–Malaysia relations
Treaties of India
Free trade agreements of India
Free trade agreements of Malaysia