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South Asian Free Trade Area: Difference between revisions
→SAFTA
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# recognition of the special needs of the Least Developed Contracting States and agreement on concrete preferential measures in their favour; | # recognition of the special needs of the Least Developed Contracting States and agreement on concrete preferential measures in their favour; | ||
# inclusion of all products, manufactures and commodities in their raw, semi-processed and processed forms. | # inclusion of all products, manufactures and commodities in their raw, semi-processed and processed forms. | ||
Afghanistan became part of SAFTA in 2011. This agreement aims to strengthen trade ties among member countries through medium and long-term contracts, including state-operated trade, supply guarantees, and import agreements for specific goods. It offers tariff concessions like reduced national duties and non-tariff benefits. | |||
SAFTA's core goals are fostering fair competition, ensuring balanced benefits for all nations, and enhancing transparency to benefit citizens. It seeks to boost trade and economic collaboration within SAARC by lowering tariffs and trade barriers, with special provisions for Least Developed Countries (LDCs). Additionally, it lays the groundwork for deeper regional cooperation, alongside SAARC's existing free trade agreements. | |||
== Read also == | == Read also == | ||