Trade Agreements
South Asian Free Trade Area
Area of Cooperation
Goods (No provisions for coverage of agricultural goods) Government Procurement, Investment, Competition Policy, Intellectual Property, Dispute Settlement, Trade Facilitation, Labor Mobility
Sign Date
January 1, 2004
In Force Date
December 31, 1969
Summary
Introduced at the South Asian Association for Regional Cooperation summit, the South Asian Free Trade Area created a free trading zone that reaches 1.4 billion people. The SAFTA contains zero customs duty on practically all products.
http://www.saarc-sec.org/data/summit12/saftaagreement.pdf
| Scope |
i.
Regional
(ESCAP) |
| Rules of Origin |
i.
Minimum
content 40% (30% for LDC's)
ii.
Diagonal
cumulation |
| Contingency |
i.
Anti - Dumping : Special treatment to LDC's
ii.
Countervailing Duties : Special treatment to
LDC's
iii.
Safeguards : Allowed, maximum 3 years |
| News/Studies |
i.
“Regionalism
Debate: Re-positioning SAFTA”
http://www.southasianmedia.net/Magazine/Journal/7_regionalism_debate.htm
ii.
“Towards
a Free Trade Area in South Asia: Charting A Feasible Course for Trade
Liberalization with Reference to
iii.
“Informal
and Free Trade Agreements”
http://www.southasianmedia.net/Magazine/Journal/informal_freetrade.htm
iv.
“Charting
a Free Trade Area in
v.
“SAARC
secretaries for removal of trade barriers” http://www.dailytimes.com.pk/default.asp?page=2007%5C10%5C07%5Cstory_7-10-2007_pg5_4
vi.
“Government
announces tariff reductions”
vii.
“
viii.
“
ix.
“Roundtable
on SAFTA starts” http://www.dailytimes.com.pk/default.asp?page=2007%5C04%5C18%5Cstory_18-4-2007_pg5_13
x.
“SAFTA
roundtable urges removal of tariff, non-tariff barriers for promotion of
trade” http://www.app.com.pk/en/index.php?option=com_content&task=view&id=7901&Itemid=2
xi.
“South
Asian Countries commit to facilitating intra-regional trading” http://news.xinhuanet.com/english/2007-04/04/content_5935419.htm
xii.
“Tariff
concession change to hurt SAFTA: minister”
http://www.dailytimes.com.pk/default.asp?page=2007%5C03%5C02%5Cstory_2-3-2007_pg5_1
xiii.
“ |
| Additional Links |
i.
http://www.bilaterals.org/article.php3?id_article=116
ii.
http://www.saarc-sec.org/main.php?t=2.1.6
iii.
2nd
Meeting of SAFTA Ministerial Council |








