ISDS Case Map
SAFTA
Bilateral relations between India and Pakistan are posing "threat" to SAFTA, the apex business chamber of Bangladesh said on Thursday.
Pakistan on Wednesday rejected the notion as baseless that it was opposed to Afghanistan's entry into the South Asia Free Trade Agreement (SAFTA).
South Asian foreign ministers have agreed to defer a dispute between India and Pakistan over the implementation of a regional free trade agreement.
India, which has called for an emergency meeting of the South Asian Free Trade Area (SAFTA) Ministerial Council, is expected to raise the issue of Pakistan backing away from its commitment under the multilateral 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).
Unhappy over Pakistan's decision to limit trade with it to a few items under the South Asian Free Trade Area (SAFTA), India on Tuesday said such a move would make the agreement meaningless and sought an "urgent" meeting of the SAARC Commerce Ministers to discuss the issue, an Indian newspaper reported.
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.
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 Committee of Experts (COE) of the South Asia Free Trade Area (SAFTA) will examine the proposal to include trade in services under the SAFTA agreement in October this year.
Pakistani Prime Minister Shaukat Aziz said on Monday that free trade with India was not possible without resolving political disputes.
