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What is SAFTA Vs SAPTA about?

The document compares the South Asian Preferential Trade Agreement (SAPTA) and the South Asian Free Trade Area (SAFTA), highlighting their origins, objectives, and limitations. SAPTA, established in 1993, aimed to reduce trade barriers among SAARC member states on a preferential basis, while SAFTA, signed in 2004, sought to eliminate tariffs entirely and included provisions for Least Developed Countries. Despite the advancements of SAFTA, intra-regional trade remains low due to sensitive lists, non-tariff b

Author

kushwahanurag2144

Language

EN