Number of Singaporeans Hired by Singapore-Based Companies with Investments in India and Attributable to Signing of India-Singapore Comprehensive Economic Cooperation Agreement

Debated in Parliament on 26 Jul 2021.

Summary written by AI (learn more)

Leong Mun Wai asked how many of the 97,000 locals hired by Singapore-based companies investing in India were new jobs due to CECA versus redesignated existing roles.
Minister Gan Kim Yong stated that the 97,000 figure refers to 2019 and does not include companies trading with India but not invested there.
Gan noted that specific data on job attribution is unavailable because hiring decisions involve multiple factors and job scopes.
He emphasized that Singapore's broader trade policies, including 26 FTAs like CECA, collectively support the business ecosystem and local job creation.
The ecosystem, bolstered by FTAs, helps companies expand internationally, which indirectly sustains and generates local employment.

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Leong Mun Wai

Mr Leong Mun Wai asked the Minister for Trade and Industry (a) how many of the 97,000 locals hired by Singaporean companies with investments in India are new jobs that can be attributed to the signing of the India-Singapore Comprehensive Economic Cooperation Agreement (CECA); and (b) how many are existing jobs that are redesignated.

Gan Kim Yong

The number of locals employed by Singapore-based companies that invested in India was 97,000 in 2019. This does not include Singapore-based companies that were not invested in India, but that were trading with India.

As companies consider multiple factors before they hire new employees, define job scopes, or redesignate existing positions, specific data in response to the question is therefore not available.

Our various business-related policies and Singapore’s 26 Free Trade Agreements (FTAs), including the India-Singapore Comprehensive Economic Cooperation Agreement (CECA), work together to support the business ecosystem within which our companies and workers operate. It is this ecosystem that supports local jobs. For example, FTAs make it easier for local companies to enter international markets through reduced tariffs on their exports into overseas markets, enhanced access to services sectors and protection for their investments, amongst other benefits. This encourages Singapore companies to expand their business activities, thereby supporting local job creation.

Summary written by AI (learn more)

Leong Mun Wai asked how many of the 97,000 locals hired by Singapore-based companies investing in India were new jobs due to CECA versus redesignated existing roles.
Minister Gan Kim Yong stated that the 97,000 figure refers to 2019 and does not include companies trading with India but not invested there.
Gan noted that specific data on job attribution is unavailable because hiring decisions involve multiple factors and job scopes.
He emphasized that Singapore's broader trade policies, including 26 FTAs like CECA, collectively support the business ecosystem and local job creation.
The ecosystem, bolstered by FTAs, helps companies expand internationally, which indirectly sustains and generates local employment.

Questions identified by AI (learn more)

Number of Singaporeans Hired by Singapore-Based Companies with Investments in India and Attributable to Signing of India-Singapore Comprehensive Economic Cooperation Agreement | PAPERCUTS

Number of Singaporeans Hired by Singapore-Based Companies with Investments in India and Attributable to Signing of India-Singapore Comprehensive Economic Cooperation Agreement

Debated in Parliament on 26 Jul 2021.

Summary written by AI (learn more)

Leong Mun Wai asked how many of the 97,000 locals hired by Singapore-based companies investing in India were new jobs due to CECA versus redesignated existing roles.
Minister Gan Kim Yong stated that the 97,000 figure refers to 2019 and does not include companies trading with India but not invested there.
Gan noted that specific data on job attribution is unavailable because hiring decisions involve multiple factors and job scopes.
He emphasized that Singapore's broader trade policies, including 26 FTAs like CECA, collectively support the business ecosystem and local job creation.
The ecosystem, bolstered by FTAs, helps companies expand internationally, which indirectly sustains and generates local employment.

Questions identified by AI (learn more)

Full Transcript

Leong Mun Wai

Gan Kim Yong

As companies consider multiple factors before they hire new employees, define job scopes, or redesignate existing positions, specific data in response to the question is therefore not available.

Summary written by AI (learn more)

Leong Mun Wai asked how many of the 97,000 locals hired by Singapore-based companies investing in India were new jobs due to CECA versus redesignated existing roles.
Minister Gan Kim Yong stated that the 97,000 figure refers to 2019 and does not include companies trading with India but not invested there.
Gan noted that specific data on job attribution is unavailable because hiring decisions involve multiple factors and job scopes.
He emphasized that Singapore's broader trade policies, including 26 FTAs like CECA, collectively support the business ecosystem and local job creation.
The ecosystem, bolstered by FTAs, helps companies expand internationally, which indirectly sustains and generates local employment.

Questions identified by AI (learn more)

Number of Singaporeans Hired by Singapore-Based Companies with Investments in India and Attributable to Signing of India-Singapore Comprehensive Economic Cooperation Agreement

Summary

Questions Identified

Full Transcript

Leong Mun Wai

Gan Kim Yong

Summary

Questions Identified

Number of Singaporeans Hired by Singapore-Based Companies with Investments in India and Attributable to Signing of India-Singapore Comprehensive Economic Cooperation Agreement

Summary

Questions Identified

Full Transcript

Leong Mun Wai

Gan Kim Yong

Summary

Questions Identified