South Asian Free Trade Area (SAFTA)
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6 Nov 2001, Bandar Seri Begawan (Brunei Darussalam), following a proposal 1997, Male (Maldives), during the 9th Summit of South Asian Association for Regional Cooperation (SAARC). Agreement reached at the 12th SAARC summit, Islamabad (Pakistan), Jan 2004, and entered into force, 1 Jan 2006. Follows the signing, 11 Apr 1993, Dhaka (Bangladesh), of the South Asian Preferential Trade Arrangement (SAPTA), which came into force, 7 Dec 1995. Group of Experts, comprising officials from SAARC member states, is mandated to make concrete and detailed recommendations towards realization of SAFTA.
Create a framework for the creation of a free trade zone covering Afghanistan, India, Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan and the Maldives.Available with paid subscription only.
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- Conditions of Trade
- Intergovernmental Communities
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