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South Asian Free Trade Area. The South Asian Free Trade Area ( SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration. [ 1] One of the major goals was to reduce ...
Indian Prime Minister Narendra Modi and Sri Lankan President Maithripala Sirisena. The Economic and Technology Co-operation Agreement (ETCA) is a proposed diplomatic arrangement that seeks to add to the existing free trade agreement between the Republic of India and the Republic of Sri Lanka, primarily in relation to trade-in services and the service sector; it seeks to emulate a proto freedom ...
The India Mercosur Preferential Trade Agreement is an example of a PTA. [ 2] A free trade agreement (FTA) also involves reducing or eliminating tariffs on items traded between the partner countries; however each maintains individual tariff structure for non-members. The key difference between an FTA and a PTA is that PTAs have a positive list ...
People's Republic of China is negotiating or is planning bilateral agreements with the following countries and blocs: Gulf Cooperation Council (GCC) – China–GCC Free Trade Agreement. Israel – China–Israel Free Trade Agreement. China–Japan–Korea Free Trade Agreement. Norway – China–Norway Free Trade Agreement.
Debt-stricken Sri Lanka signed a trade pact with Thailand on Saturday in a bid to boost trade and investment as the Indian ocean island nation is struggling to recover from its worst economic ...
The IUSF is the organization that is given leadership to whole university students in Sri Lanka. [10] It is the largest student organization in Sri Lanka to date. It represents the voice of student councils and action committees in 15 higher education institutes including all major universities and technical colleges in Sri Lanka. [11]
On 6 June 1997, a new sub-regional grouping was formed in Bangkok under the name BIST-EC (Bangladesh, India, Sri Lanka, and Thailand Economic Cooperation). [10] [11] Following the inclusion of Myanmar on 22 December 1997 during a special Ministerial Meeting in Bangkok, the Group was renamed ‘BIMST-EC’ (Bangladesh, India, Myanmar, Sri Lanka and Thailand Economic Cooperation).
A free trade agreement ( FTA) or treaty is an agreement according to international law to form a free-trade area between the cooperating states. There are two types of trade agreements: bilateral and multilateral. Bilateral trade agreements occur when two countries agree to loosen trade restrictions between the two of them, generally to expand ...