This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "South Asian Free Trade Area" – news · newspapers · books · scholar · JSTOR(June 2012) (Learn how and when to remove this message)
South Asian Free Trade Area
Countries under the South Asian Free Trade Area
Member states
Afghanistan
Bangladesh
Bhutan
India
Maldives
Nepal
Pakistan
Sri Lanka
Establishment
2006
• Location
12th SAARC summit, Islamabad, Pakistan
• Date
6 January 2004
• In force
1 January 2006
The South Asian Free Trade Area (SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration.[1]
One of the major goals was to reduce customs duties of all traded goods to zero by 2016. SAFTA required the developing countries in South Asia (India, Pakistan and Sri Lanka) to bring their duties down to 20 percent in the first phase of the two-year period ending in 2007. In the final five-year phase ending in 2012, the 20-percent duty was reduced to zero in a series of annual cuts. The least developed countries in the region had an additional three years to reduce tariffs to zero. India and Pakistan ratified the treaty in 2009, whereas Afghanistan, as the eighth member state of the SAARC, ratified the SAFTA protocol on 4 May 2011.[2]
^"South Asian Free Trade Area (SAFTA)". www.doc.gov.lk. Department of Commerce, Government of Sri Lanka. Retrieved 28 February 2022.
^SAARC (2 November 2011). "SAFTA protocol". SAARC. Retrieved 2 November 2011.
and 23 Related for: South Asian Free Trade Area information
The SouthAsianFreeTradeArea (SAFTA) is a 2004 agreement that created a free-tradearea of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India...
The ASEAN FreeTradeArea (AFTA) is a trade bloc agreement by the Association of Southeast Asian Nations supporting local trade and manufacturing in all...
economic development and regional integration. It launched the SouthAsianFreeTradeArea in 2006. SAARC maintains permanent diplomatic relations at the...
A multilateral freetrade agreement is between several countries all treated equally, and creates a freetradearea. Every customs union, common market...
multilateral trade agreements with many nations and international organizations. It is a member of the World Trade Organization, part of the SouthAsianFree Trade...
territory), a trade bloc or an informal group of countries, and creates a freetradearea. Note that every customs union, common market, economic union, customs...
October 2016. Retrieved 25 November 2014. "AGREEMENT ON SOUTHASIANFREETRADEAREA (SAFTA)" (PDF). Asia Regional Integration Center. Archived from the original...
A free-trade agreement (FTA) or treaty is an agreement according to international law to form a free-tradearea between the cooperating states. There...
East Asia (CEPEA) is a Japanese led proposal for trade co-operation, freetrade agreement, among the 16 present member countries of the East Asia Summit...
The North American FreeTrade Agreement (NAFTA /ˈnæftə/ NAF-tə; Spanish: Tratado de Libre Comercio de América del Norte, TLCAN; French: Accord de libre-échange...
art created by American fighter Jon Hess South African Film and Television Awards SouthAsianFreeTradeArea This disambiguation page lists articles associated...
/ˈɑːrsɛp/ AR-sep) is a freetrade agreement among the Asia-Pacific nations of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia...
Freetrade is a trade policy that does not restrict imports or exports. In government, freetrade is predominantly advocated by political parties that...
or three years. The event is meant to identify talent for the SouthAsian Games, Asian Games and Olympic Games as well as develop sporting infrastructure...
India is party to freetrade agreements (FTAs) and other trade agreements with many countries and trade blocs, and is negotiating with many others. As...
eight nations comprising SouthAsia. SouthAsia has a total area of 5.2 million sq.km (2 million sq.mi), which is 10% of the Asian continent. According to...
Cooperation Council (GCC) SouthAsian Association for Regional Cooperation (SAARC) SouthAsianFreeTradeArea (SAFTA) SouthAsia Subregional Economic Cooperation...
countries to include multilateral trade agreements via the ASEAN FreeTradeArea (AFTA). Below is a list of all the bilateral trade agreements Vietnam is currently...
2015, at the African Union Summit in South Africa, negotiations were launched to create a Continental FreeTradeArea (CFTA) with all 55 African Union states...
ritual status above their fellow chief counterparts and facilitate trade with SouthAsian states. They periodically invited Indian Brahmins into their realms...
Global Information
