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The agreement was signed in 2004 and came into effect on 1 January 2006, with the desire of the member states of the SAARC (Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka) to promote and sustain mutual trade and economic cooperation within the SAARC region through the exchange of concessions.
Norway – China–Norway Free Trade Agreement; Sri Lanka – China–Sri Lanka Free Trade Agreement; Nepal – memorandum on a feasibility study currently in place [117] Costa Rica. EFTA; South Korea; Colombia is negotiating or is planning bilateral agreements with the following countries and blocs: Japan; Turkey
They lead foreign trade negotiations with different countries to secure trade deals. Pakistan has successfully negotiated three Free Trade Agreements (FTAs) with Sri Lanka, China, and Malaysia, as well as three Preferential Trade Agreements (PTAs) with Iran, Mauritius, and Indonesia. Pakistan is also part of SAFTA and ECOTA. Through successful ...
The earliest proper diplomatic and trade contacts between Pakistan (previously the Dominion of Pakistan) and Sri Lanka (previously the Dominion of Ceylon) date back as early as 1948. In 2013, the then prime minister Nawaz Sharif said that there were strong bonds of friendship between the two countries.
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 rationale behind the creation of SAARC Chamber of Commerce and Industry of the SAARC countries was to promote trade and industry in the region and to develop and achieve common objectives in the areas of trade and industry, moreover, the SAARC Chamber of Commerce and Industry is also accepted as the voice of the private sector across the ...
Pakistan has bilateral and multilateral trade agreements with many nations and international organizations. It is a member of the World Trade Organization, part of the South Asian Free Trade Area agreement and the China–Pakistan Free Trade Agreement. Fluctuating world demand for its exports, domestic political uncertainty, and the impact of ...
The General Agreement on Tariffs and Trade (GATT) is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination ...