South Asian Free Trade Area (SAFTA)
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2001-11-06 Bandar Seri Begawan Brunei Darussalam
6 Nov 2001, Bandar Seri Begawan (Brunei Darussalam), following a proposal 1997, Male (Maldives), during the 9th Summit of D-XD5720 - 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 T-XT9300 - 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.
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