Economics Trade Agreements Questions
The South Asian Free Trade Area (SAFTA) is a trade agreement among the member countries of the South Asian Association for Regional Cooperation (SAARC). It aims to promote and enhance trade and economic cooperation among the South Asian nations. SAFTA was established in 2006 and provides a framework for reducing trade barriers, eliminating tariffs, and facilitating the movement of goods and services within the region. The member countries of SAFTA include Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.