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    The South Asian Association for Regional Cooperation (SAARC) was established in 1985 and includes 8 member countries that work to promote regional cooperation in areas like trade, economy, culture and people-to-people exchanges. The South Asian Preferential Trade Agreement (SAPTA) was signed in 1993 and later transformed into the South Asian Free Trade Agreement (SAFTA) in 2006, which aims to boost trade between SAARC countries by reducing tariffs and non-tariff barriers among Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.

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    The South Asian Association for Regional Cooperation (SAARC) was established in 1985 and includes 8 member countries that work to promote regional cooperation in areas like trade, economy, culture and people-to-people exchanges. The South Asian Preferential Trade Agreement (SAPTA) was signed in 1993 and later transformed into the South Asian Free Trade Agreement (SAFTA) in 2006, which aims to boost trade between SAARC countries by reducing tariffs and non-tariff barriers among Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.

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    6 views1 page

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    Uploaded by

    Md. Siam Hosen
    The South Asian Association for Regional Cooperation (SAARC) was established in 1985 and includes 8 member countries that work to promote regional cooperation in areas like trade, economy, culture and people-to-people exchanges. The South Asian Preferential Trade Agreement (SAPTA) was signed in 1993 and later transformed into the South Asian Free Trade Agreement (SAFTA) in 2006, which aims to boost trade between SAARC countries by reducing tariffs and non-tariff barriers among Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.

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    The South Asian Association for Regional Cooperation (SAARC) was established on

    December 8, 1985. It is an intergovernmental organization comprising eight countries:


    Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. SAARC
    promotes regional cooperation in various fields such as trade, economy, culture, and
    people-to-people exchanges.

    SAPTA (South Asian Preferential Trade Agreement) was signed on April 11, 1993, and
    later transformed into SAFTA (South Asian Free Trade Agreement) on January 1, 2006.
    SAFTA is a regional trade agreement among the member countries of SAARC (South
    Asian Association for Regional Cooperation). It aims to promote economic integration
    and boost intra-regional trade by reducing tariffs and non-tariff barriers. SAFTA member
    countries include Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and
    Sri Lanka.

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