In addition to the ECSC, Australia and India are participating in negotiations on the Comprehensive Regional Economic Partnership – a proposed ASEAN-centric free trade area that would initially include the ten ASEAN member states and countries with free trade agreements with ASEAN. Claims that the bilateral agreement has cost Singaporeans employment opportunities are aimed at fuelling fears in times of economic uncertainty, Chan said. The Minister`s comments came after an explorive video of a former Indian national who blew up a security guard at the Eight Riversuites condominium. Formal negotiations for the ECSC began in 2011 and continued in 2014, when Prime Ministers Abbott and Modi renewed the two countries` commitment to a balanced and mutually beneficial agreement quickly. In April 2015, then-Australian Trade Minister Andrew Robb visited India. The Free Trade Agreement, officially known as the Comprehensive Economic Cooperation Agreement (ECSC), came into force in 2005. The report listed interventions in 13 specific areas that, if resolved, will be a major boost to trade between the two countries, turning challenges into opportunities. Since country-specific tariff exclusions or reductions are difficult, the only way to avoid problems of access to specific markets for products and products is to negotiate a comprehensive trade agreement, as the report states. India has asked countries with which it has free trade agreements (FTA) to allow imports of non-native products at this time, as national authorities are not currently issuing it due to the suspension of a COVID 19 pandemic. Australia and India are on the road to concluding the Comprehensive Economic Cooperation Agreement (ECSC), which is expected to provide a significant boost to investment in both sides and further strengthen bilateral economic relations. Independent models made in 2008 showed that an ECSC between Australia and India could result in a net increase in Australian GDP of $32 billion and India`s GDP of $34 billion over 20 years.
The study concluded that resources, agriculture, manufacturing, financial services, software, telecommunications and education are likely to benefit the most from a trade agreement between India and Australia. Since the end of the study, these possibilities have become even clearer and greater. The comprehensive agreement between India and Singapore, also known as the Comprehensive Economic Cooperation Agreement or simply the ECSC, is a free trade agreement between Singapore and India aimed at strengthening bilateral trade. It was signed on June 29, 2005.  In 2005, the two nations signed the Comprehensive Economic Cooperation Agreement (ECSC) and organized the India-Singapore Parliamentary Forum and the Singapore-India Partnership Foundation, with active support from the Federation of Indian Chambers of Commerce and Industry (FICC), the Confederation of Indian Industry (CII) and the Singapore Federation of Business for Trade, Economic Development and Partnerships.    The ECSC removes customs barriers, double taxation, dual procedures and rules, and has granted unfettered access and cooperation between singapore and India`s financial institutions.   The ECSC has also strengthened bilateral cooperation in the fields of education, science and technology, intellectual property, aviation and has enabled Indian specialists in information technology, medicine, engineering and finance.