Regional FTA
South Asian Free Trade Area (SAFTA)
An FTA among the SAARC countries with gradual tariff reductions and sensitive lists.
- Abbreviation
- SAFTA
- Status
- In force
- Type
- Regional FTA
- Scope
- Trade in goods
- Signed
- Jan 2004
- In force since
- Jan 2006
- Member countries
- 8
Key features
- Elimination or reduction of import duties on most goods, phased in according to each party’s tariff schedule.