There is no such provision in CECA, the statement said.
“None of Singapore’s Free Trade Agreements, including CECA, obliges us to automatically grant EPs to any foreign nationals.”
The statement also said that all foreign nationals applying for EP must meet our prevailing criteria. There is no exception. And all companies must comply with rules on fair hiring.
Intra-corporate Transferees (ICTs)
The number of ICTs in Singapore has consistently been at below 5% of all EP holders in Singapore.
They come from a wide range of different source countries. Indian nationals constituting only a small segment.
It is misleading to attribute the number of Indian PMEs, especially Intra-Corporate Transferees (ICT), solely or mainly to CECA, the statement said.