South Asian Free Trade Area (SAFTA) Agreement

HEADLINE: High tariffs hindered trade between SAARC member states, limiting economic growth.

Key Obligations

Tariff elimination; rules of origin; sensitive lists; trade facilitation

Penalty Ranges

Loss of preferences

Mandatory Deadline: In force since 2006

Affected HS Codes: All HS chapters

Issuing Authority: SAARC Secretariat