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What is Overview of SAPTA Agreement about?

The SAPTA (South Asian Preferential Trade Agreement) is a trade agreement between 7 South Asian countries - Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. It was signed in 1993 and fully implemented in 2006. The agreement aims to liberalize trade between member countries by reducing tariffs and providing preferential market access. It utilizes a positive list for concessions. Rules of origin require that goods be wholly produced or have a minimum local content to qualify for preferentia

Author

shivani

Language

EN