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Context:
Recently, Singapore hosted the second round of India-Singapore Ministerial Roundtable (ISMR).
Key Highlights of ISMR:
A significant outcome of this roundtable was the decision to expand the partnership by adding two new pillars:
India-Singapore Bilateral relations
Five areas of cooperation (5S) were agreed in 2014 for specific focus –
Singapore is India’s 6th largest trade partner with a share of 2.9% of India’s overall trade (2021-22).
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