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SAFTA

South Asia Free Trade Agreement


Local steel makers seek steps against low-cost import under SAFTA
Local steel manufacturers have demanded protection of locally made several types of finished steel products from uneven competition with low-cost commercial imports under SAFTA benefit.
CEPA with Bangladesh can be template for enhancing trade in South Asia: Suresh Prabhu
India and Bangladesh have proposed early conclusion of a Compressive Economic Cooperation Agreement to boost bilateral trade and investment and set an example for giving a fillip to regional trade in South Asia.
Trade through SAFTA demanded
Eight finance ministers from South Asia pushed for the fast-track formation of the South Asian Economic Union (SAEU) to ensure larger investment inflows, higher trade volumes and energy generation.
SAFTA meet likely next month
The commerce ministers will discuss on enhancing intra-SAARC trade flows under SAFTA and vision for further trade liberalisation by reducing non-tariff and para-tariff barriers.
Businesses call for FTA reform as Indian exports continue to fall
Business leaders have called on the Indian government to conduct a thorough review of the country’s trade agreements as experts predict this year’s exports will slump to 2010 levels.
India softens stance on Bay of Bengal free trade agreement
Softening its earlier stand, India has decided to conclude a low-ambition free trade agreement with the seven-nation grouping Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, or Bimstec.
Dhaka decides to protest Delhi’s anti-dumping investigation
Dhaka has decided to protest the New Delhi’s action relating to allegation of dumping jute goods and hydrogen peroxide (H2O2) by Bangladesh, officials have said.
Sitharaman bats for early implementation of SAFTA
Commerce and industry minister Nirmala Sitharaman made a strong pitch for greater integration of the South Asian region, even as she underscored the need for speedy implementation of the South Asian Free Trade Agreement (Safta) agreement.
India’s act ‘breaches’ int’l conventions, agreements
Experts have termed India’s unofficial trade blockade on Nepal as a breach of international conventions and multilateral agreements that both Nepal and India have signed.
Regional integration, private sector to help South Asia boost growth: Report
Increasing regional integration through enhanced role of private sector and cooperation in areas like trade, energy security and connectivity will help South Asian nations boost economic growth, says a report.
Private sectors of Sri Lanka, Pakistan urged to forge deeper links to boost trade
Pakistan and Sri Lanka are important partners not only in promoting bilateral trade and economic interactions but also enhancing regional economic integration through SAARC and SAFTA.
’A well-conceived trade pact can open up opportunities for textile exporters’
The Indian textile industry as well as the policy makers are too focused on export incentive scheme for export promotion
Afraid of free trade
Diplomacy in South Asia is given over to give-no-quarter bureaucrats, who cleave to a nationalism that continues to trump economics.
Zero tariff for 10 categories of Indian imports
Despite the adverse impact on local industries, the Government has allowed tariff-free imports on ten categories of Indian goods, which had hitherto remained in the negative list under the Indo-Sri Lanka Free Trade Agreement, Daily Mirror learns.
No assurance on MFN from Pak
No assurance was given by the Pakistan government on Tuesday for granting India the Most Favoured Nation trade status, almost a year after it missed the deadline to do so in order to normalise bilateral trading relations.
Bilateral FTAs emerge as Safta talks in limbo
With the implementation of the South Asian Free Trade Agreement (Safta) remaining in limbo, Nepal has been negotiating with a number of South Asian countries to sign bilateral Free Trade Agreements.
Will Asia’s largest FTA make a difference?
Unless there is enough political will to close potential loopholes disguised as “flexibility” and pursue reforms deeper than those ever before attempted, RCEP may be seen as serving the geopolitical interests of a few players, to little economic effect.
’Pakistan needs to review Pak-India trade pact’
Chief Executive Officer (CEO) Harvest Tradings Ahmed Jawad has said that to boost the trade with the neighbouring country the government needed to review the Pak-India trade agreement. Talking to INP here on Sunday, Ahmed Jawad said that there was no other option than enhancing trade to normalise the bilateral political and diplomatic relations with India.
Out of the frying pan...into trade liberalisation: SAFTA a disaster for Pakistan’s agriculture sector
The South Asia Free Trade Agreement (Safta) appears to be a ‘disaster’ for Pakistan’s agricultural sector and is backed only by the industrial lobby.
MFN status to Pakistan remains fruitless for agri sector: USAID
The Most Favoured Nation status to Pakistan could not prove instrumental in increasing agriculture exports to India, observed a report sponsored by the United States Agency for International Development (USAID).