ISDS Case Map
SAARC
India is ready to consider some “unilateral” steps to address some concerns of Pakistan to see operationalisation of Safta.
Import Policy Regulations are provided in the import regimes of all SAARC countries and Pakistan had only indicated this requirement in its notification to make it transparent.
In what is being described as a success for India and a "failure and punishment for Pakistan" on the economic diplomacy front, India has formed a regional trading bloc excluding Islamabad, and including all the SAFTA members, besides Thailand.
The center of gravity of the world economy was shifting to South Asia but opportunities of this regional dynamism could only be harnessed if the region integrated.
South Asian foreign ministers have agreed to defer a dispute between India and Pakistan over the implementation of a regional free trade agreement.
The (SAFTA) South Asian Free Trade Agreement has been implemented from July 1, 2006, which is operating under the framework of the South Asian Association for Regional Cooperation (SAARC).
The South Asia Free Trade Agreement (SAFTA), has come into force in the member countries in South Asia. Of the seven countries of SAARC India, Pakistan and Sri Lanka are at the phase of developing countries and the remaining four in the category of least developed countries.
Prime Minister Shaukat Aziz said in Karachi on Sunday that no progress had been made so far with the Indian government on the resolution of Siachen, let alone Kashmir and other vital issues, but he hoped that “outstanding issues will be resolved soon if the dialogue between the two neighbours continues”.
The SAARC Chamber of Commerce & Industry (SCCI) organized a seminar on SAFTA, Expanding Business Opportunities in Karachi on the occasion of Seventh SAARC trade fair.
The joke in South Block nowadays is that Prime Minister Manmohan Singh is ever so keen to visit Pakistan because he finds it easier to deal with General Pervez Musharraf than to deal with his Cabinet colleagues. If Mr Arjun Singh ambushed him and sent the entire country into a caste driven frenzy, one of his other Ministerial colleagues leaked the contents of a letter to the Prime Minister from Congress president Sonia Gandhi expressing concern over the free trade agreement that India had signed with its ASEAN partners.
