<h1>India and Singapore to Sign New Bilateral Agreement on Intellectual Property Rights Cooperation, Strengthening Trade Ties.</h1> India and Singapore are set to sign a Bilateral Agreement on Intellectual Property Rights (IPR) Cooperation soon, as announced by India's Union Minister of Commerce and Industry. This follows progress in ASEAN-India Free Trade Agreement negotiations. Singapore is a key trade partner for India, ranking as the 5th largest merchandise trading partner and 4th largest export market. In 2007-08, India's exports to Singapore increased by 16%, while imports grew by 42%. Singapore is also a significant source of foreign direct investment in India, with major sectors including petroleum, mining, and services. Bilateral trade reached $13.42 billion in 2007-08.