ISDS Case Map
SAFTA
The European Commission (EC) has offered to share expertise and experience in all areas of interest to South Asian Association for Regional Cooperation (Saarc) as well as in the implementation of the South Asia Free Trade Agreement (Safta).
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.
The ministry of commerce has clarified the situation with regard to a news item published in a section of the press concerning “tariff issues between India and Pakistan” on March 22.
Ahead of the Saarc summit here in April, external affairs minister Pranab Mukherjee on Tuesday cautioned Pakistan against non-compliance with Saarc Free Trade Area (Safta). He urged Islamabad to revise its position to ensure that global commitments undertaken by the latter were complied with.
The hoped for trade cooperation in South Asia remains a dream, six decades down the line. Even the much trumpeted South Asia Free Trade Agreement (SAFTA), by some accounts, seems to be sailing down to the sea -- the Indian Ocean -- unless the region's leaders cooperate.
Federal Commerce Minister Humayun Akhtar Khan said Monday that Pakistan was ready to sort out SAFTA related issues with India through bilateral talks.
A negative fallout of the South Asian Free Trade Area (SAFTA) agreement could be an increase in the narcotic traffic in the region, said Dr MM Bhatnagar, member of the International Narcotic Control Board (INCB).
Pakistan regrets an Indian decision to review tariff concessions extended to Pakistan under a regional trade agreement but will not retaliate, a senior Pakistani government official said on Tuesday.
With 11 days left for the bilateral trade pact between India and Nepal to lapse, the two neighbours started their two-day talks on Thursday to review the 11-year-old Indo-Nepal trade treaty.
