The ''Comprehensive Economic Cooperation Agreement (CECA)'', which Singapore is currently ''negotiating'' with India, ''will bring our economies closer together'', said Lee Hsien Loong, the City-State's Prime Minister, on Saturday.Responding to felicitations from the Singapore-Indian community over his recent assumption of office as Prime Minister, Mr. Lee said: ''Singapore seeks to prosper by riding on the emergence of China and India, both of which present us with many opportunities. With India opening up, our bilateral trade is booming, tourism is growing, and investments are expanding in both directions.''Emphasising that both Singapore and India ''are keen to work together for mutual benefit'', he commended the prospective CECA as a new mechanism for closer ties. Although he did not indicate a timeline for the finalisation of the accord, the two countries had reached an advanced stage in their negotiations, according to sources associated with the process on either side.