| Dispute Settlement | ||
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Singapore and India have negotiated a comprehensive set of dispute settlement procedures for businesses. Each party should accord adequate opportunity for consultations regarding any representations made by the other party with respect to any matter affecting the implementation, interpretation or application of CECA. The Parties shall make every effort to reach a mutually satisfactory resolution of any matter through consultations. Any request for consultations shall be submitted in writing and shall give the reasons for the request, including identification of the measures at issue and an indication of the legal basis of the complaint. If the consultations fail to settle a dispute within 60 days after the date of receipt of the request for consultations, the party which made the request for consultations may make a written request to the other party to appoint an arbitral tribunal. The arbitral tribunal shall release to the parties its final report on the dispute referred to it within 60 days of its formation. When the arbitral tribunal considers that it cannot release its final report within 60 days, it shall inform the parties in writing of the reasons for the delay together with an estimate of the period within which it will issue its report. | ||