South Asian Free Trade Area Current Affairs, GK & News

Govt to shrink sensitive list to make SAFTA work, improve Pak ties

To improve relations with Pakistan, India is likely to cut the peak tariff rate to 5 % within three years. The Union Cabinet might allow a diminution in the sensitive list by 30% for Non-Least Developed Countries (NLDCs), under the Safta trade liberalisation programme. Categorization of nations under South Asian Free Trade Area (SAFTA): SAFTA ..

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Seventeenth SAARC Summit & Addu Declaration

Recently, the Seventeenth SAARC Summit was concluded in Maldives with the release of the Addu Declaration. Here is a brief discussion: What is SAARC? South Asian Association for Regional Cooperation (SAARC) was founded in December 1985 by Ziaur Rahman and dedicated to economic, technological, social, and cultural development emphasising collective self-reliance. The 7 founding members ..

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SAFTA →Current Position & Issues

Discuss the role of SAFTA in regional trade cooperation. What are the issues & hurdles for its full Operationalisation? SAFTA refers to the “Agreement on South Asian Free Trade Area (SAFTA)”. This agreement was reached in 2004 in the 12th SAARC summit at Islamabad. The objective was to create a free trade area comprising Bangladesh, ..

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SAFTA →Role in Regional Trade Cooperation, Current Position & Issues

Discuss the role of SAFTA in regional trade cooperation. What are the issues & hurdles for its full Operationalisation? SAFTA refers to the “Agreement on South Asian Free Trade Area (SAFTA)”. This agreement was reached in 2004 in the 12th SAARC summit at Islamabad. The objective was to create a free trade area comprising Bangladesh, ..

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