The India-Malaysia Comprehensive Economic Cooperation Agreement (CECA) will be effective from 1 July 2011. India-Malaysia CECA is India’s fourth bilateral Comprehensive Economic Cooperation Agreement, after Singapore, Japan and South Korea. The CECA envisages liberalization of trade in goods, trade in services, investments and other areas of economic cooperation.
Under India-Malaysia CECA, the items on which India has got market access from Malaysia include basmati rice, mangoes, eggs, trucks, motorcycles and cotton garments, which are all items of considerable export interest to India. At the same time, India has provided adequate protection for sensitive sectors such as agriculture, fisheries, textiles, chemicals, auto, etc.
The India-Malaysia CECA also facilitates cross-border investments between the two countries. The CECA creates favourable conditions for the business communities of both countries to increase bilateral trade and investment.
Trade between India and Malaysia reached 10 billion US dollars in 2010-11, an increase of 26 percent from the year 2009-10.
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