Sunday, July 23, 2017

CECA was a disaster for Singapore

DPM Tharman had said it. "Wrong to have free flow of people".
He is admitting that the free flow of professionals under the CECA (Comprehensive Economic Cooperation Agreement with India) was a big mistake. In fact, a disaster.
But, he did not say who was responsible for this disaster. The PAP never admit their mistake.
The biggest mistake is to appoint inexperienced people to run big ministries and government agencies. The people who negotiated the CECA agreement probably fall into this category.

Singapore has been one of the strongest advocates when it comes to the free flow of goods and services, but there must be limits to the movement of people.

Otherwise there will be less push for businesses to be more productive, and "more fundamentally, you become a society where people don't feel it's their own society", said Deputy Prime Minister Tharman Shanmugaratnam yesterday at an economics forum in India.

"This is a reality not just because of (President Donald) Trump in the US or Brexit in UK. It is a reality all over the world,'' he said when asked a question about tighter restrictions on Indian professionals moving to Singapore.

1 comment:

Anonymous said...

Looks like some of the elite's own are being affected by the legs-open policy.

They always amend their thinking only when their own is being affected.

E.g. inheritance tax, relative large increases in income threshold for BTO, NS reduction to 2 yrs, big jump in NS allowances, more "civilized" NS training...

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