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| GOODS |
| Tariffs |
Negative list (Sensitive list)
Tariff reduction to 0-5% in 7 years (8 years SLK, 10 years LDC's)
Calls for accelerated reductions; Trade Liberalization Programme in effect since 1/1/2006 except for Nepal (from 1/8/2006) and Sri lanka (16/9/2006). |
| Rules of Origin |
Minimum content 40% (30% for LDC's)
Diagonal cumulation |
| Contingency Measures |
| Anti - Dumping : Special treatment to LDC's |
| Countervailing Duties : Special treatment to LDC's |
| Safeguards : Allowed, maximum 3 years |
Standards : Calls for harmonization |
|
Notes:
No provisions for coverage of agricultural goods.
Afghanistan ratified the SAFTA protocol on the 4th of May 2011. |
|
| SERVICES |
WTO Notification (GATS Art. V) : Not Notified
Date of notification
Consideration Process : Not Considered
|
Liberalization Approach : Positive Lists
Modes Covered
|
  Cross-border supply (Mode1)
Consumption abroad (Mode2)
Commercial presence (Mode3)
Presence of natural persons (Mode4)
|
Specific Chapters on
Financial services
Movement of natural persons
|
Specific Sectors Excluded
Air transport
|
Public Sectors carve-out : GATS-like (Article I:3(b))
Most Favoured Nation : Not featured
National Treatment : Binding
Market Access : Binding
Domestic Regulation : Binding but subject to legitimate expectations (GATS-like)
Subsidies covered by services disciplines : Not covered
Denial of benefits for commercial presence :
Article 17 Denial of Benefits
Subject to prior notification and consultation, a Party may deny the benefits of this Chapter to a service supplier of the other Party where the Party establishes that the service supplier is owned or controlled by persons of a non-Party and that it has no substantive business operations in the territory of the other Party.
Notes :
SAARC Agreement on Trade in Services signed 29 April 2010. GENERAL UNDERSIANDING ON
PRINCIPLES AND GUIDELINES FOR THE NEGOTIATIONS in SATIS (p.23)stipulates Positive list approach and request and offer approach of negotiations.
Link to schedules :http://commerce.nic.in/trade/SAARC%20Agreement%20on%20Trade%20in%20Services%20SATS.pdf
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| INVESTMENT |
Scheduling Approach :
Definition of investment :
Most Favoured Nation :
National Treatment :
Fair and Equitable Treatment :
Expropriation :
Board of Directors and executive personnel :
Invester - State arbitration : 
Denial of Benefits :
Additional BIT exists between the parties :
BIT list I :
Status:
BIT list II :
Status:
Notes :
Link to schedules :
|
|
| TRADE FACILITATION |
| Customs procedures : Yes Article 8 of the Agreement |
| Customs valuation : No |
| Trade regulations publication and administration (transparency) : No |
| E-Commerce / Paperless trade : No |
| Cooperation in trade facilitation : No |
|
| OTHER AREAS |
| Government Procurement : Yes |
| Investment : Yes |
| Competition Policy : Yes |
| Intellectual Property : No |
| Dispute Settlement : Yes
|
| Labor Mobility : Yes |
| Labor and Environmental Standards : No
|
| Technical cooperation : No |
| Institutional mechanism : No |
|
Notes:
This agreement supercedes Agreement on SAARC Preferential Trading Arrangement (SAPTA) - Articles 22 and 23, which was signed in 1993 and was in force since 1995, notifeied to the WTO in 1997 by Enagling Clause. membership of Afghanistan needs to go throgh ratification process. |
|
| RULES OF ORIGIN |
Cumulation
diagonal |
Specific Process
n.a. |
Heading Change
n.a. |
De Minimis
n.a. |
Minimum Content
40% (30% for LDC's) |
Drawback
n.a. |
Http Link
http://www.saarc-sec.org/uploads/document/Annex-IV%20of%20SAFTA%20Agreement%20-%20SAFTA%20Rules%20of%20Origin_20100413015905.pdf
|
Notes
Under the agreement, Members are required to lower their customs duties to between 0-5 percent by 2012 for developed members while least developed country Members are required to do the same by 2018. It is also decided that services will be included in the framework of SAFTA in a bid to boost regional economic integration. SAFTA is to be fully operationalized by 2016. |
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