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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.
The SAFTA was envisaged primarily as the first step towards the transition to a South Asian Free Trade Area (SAFTA) leading subsequently towards a Customs Union, Common Market and the Economic Union. In 1995, Sixteenth session of the Council of Ministers (New Delhi, 18–19 December 1995) agreed on the need to strive for the realization of ...
The second summit was held in November 17–18 Bangalore, India in 1986. The Heads of State or Government welcomed the signing of the Memorandum of Understanding on the establishment of the SAARC Secretariat by the Council of Ministers and their decision to locate the Secretariat in Kathmandu and appoint Ambassador Abul Ahsan of Bangladesh as the first Secretary-General of south Asian ...
Sheikh Mujibur Rahman announcing the six points in Lahore on 5 February 1966. The Six point movement (Bengali: ছয় দফা আন্দোলন) was a significant political campaign in East Pakistan, led by Sheikh Mujibur Rahman, advocating for greater autonomy for the region.
In terms of trade, Bhutan is a member of the South Asian Free Trade Area (SAFTA) and the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) and the South Asia Subregional Economic Cooperation (SASEC).
The Asia-Pacific Trade Agreement (APTA), previously known as the Bangkok Agreement [1] and renamed 2 November 2005, [2] was signed in 1975. It is the oldest preferential trade agreement between countries in the Asia-Pacific region.
It was announced in November that Bangladeshi film company Jaaz Multimedia would release the film in Bangladesh on 17 November 2017, after a deal was made with SVF Entertainment. [6] [7] The deal made between Jaaz Multimedia and SVF Entertainment was made under the South Asia Free Trade Area agreement (SAFTA). [8]
A substantial share of Bangladesh's national GDP is attributed to Chittagong. The City generated approximately $43 billion in nominal (2022) [9] and US$116 billion in PPP terms, [10] contributing around 10.58% [9] of the nation's economy. Chittagong holds the status of being the second largest economy in Bangladesh, only behind Dhaka Division.