[2][3][4] The CECA eliminated tariff barriers, double taxation, duplicate processes and regulations and provided unhindered access and collaboration between the financial institutions of Singapore and India.
[2][3] Singapore has invested in projects to upgrade India's ports, airports and developing information technology parks and a Special Economic Zone (SEZ).
[12][13] In 2020, the Ministry of Trade and Industry (MTI) released a statement identifying that Singaporeans are "understandably concerned" with competition from foreign professionals, managers and executives (PMEs) due to the current bleak economy and employment situation.
MTI also refuted that "None of our free trade agreements, including CECA, obliges us to automatically grant Employment Passes (EP) to any foreign national."
[15][16][17] Tan Cheng Bock, a former PAP MP and founder of the PSP, promised to call for the review of CECA if elected, especially on one of the terms which allows the free movement of Indian workers in at least 127 sectors to enter and work in Singapore.