BIMSTEC Framework Agreement on Trade

HEADLINE: Lack of regional trade integration hindered economic growth in BIMSTEC member countries.

Key Obligations

Tariff reduction; rules of origin; trade facilitation

Penalty Ranges

TBD

Mandatory Deadline: Negotiations ongoing

Affected HS Codes: All HS chapters

Issuing Authority: Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)

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