மூலச்சான்று பத்திரத்தை விநியோகித்தல்
தொடர்புடைய இணைப்புகள்
வணிகத் திணைக்களம்
- விவரங்கள்
- பிரிவு: South Asian Free Trade Area (SAFTA)
The Governments of the SAARC (South Asian Association for Regional Cooperation) Member States comprising the People’s Republic of Bangladesh, the Kingdom of Bhutan, the Republic of India, the Republic of Maldives, the Kingdom of Nepal, the Islamic Republic of Pakistan and the Democratic Socialist Republic of Sri Lanka hereinafter referred to as “Contracting States”
Motivated by the commitment to strengthen intra-SAARC economic cooperation to maximise the realization of the region’s potential for trade and development for the benefit of their people, in a spirit of mutual accommodation, with full respect for the principles of sovereign equality, independence and territorial integrity of all States;
Noting that the Agreement on SAARC Preferential Trading Arrangement (SAPTA) signed in Dhaka on the 11 th of April 1993 provides for the adoption of various instruments of trade liberalization on a preferential basis;
Convinced that preferential trading arrangements among SAARC Member States will act as a stimulus to the strengthening of national and SAARC economic resilience, and the development of the national economies of the Contracting States by expanding investment and production opportunities, trade, and foreign exchange earnings as well as the development of economic and technological cooperation;
Aware that a number of regions are entering into such arrangements to enhance trade through the free movement of goods;
Recognizing that Least Developed Countries in the region need to be accorded special and differential treatment commensurate with their development needs; and
Recognizing that it is necessary to progress beyond a Preferential Trading Arrangement to move towards higher levels of trade and economic cooperation in the region by removing barriers to cross-border flow of goods;
Have agreed as follows:
- விவரங்கள்
- பிரிவு: South Asian Free Trade Area (SAFTA)
The Agreement on South Asian Free Trade Area (SAFTA) aims at further enhancing the programme of regional economic integration through promotion of preferential trade, which commenced with the establishment of SAPTA. All countries completed the respective Trade Liberalization Program (TLP) under the Phase I and II of SAFTA, i.e. brought down tariffs to a level between 0-5 percent on all products other than those in the respective Sensitive Lists. Sri Lanka has been accorded a Special treatment in Rules of Origin under SAFTA.
Discussions on further reduction of Sensitive Lists under Phase III of SAFTA, a proposal of Fast Tracking reduction of SAFTA Sensitive List (reducing peak tariff on all products to 0 - 5% by the year 2020, excluding a small number of about 100 tariff lines) and implementation related matters under SAFTA are ongoing.
SAFTA - at a glance
Date of signing of the agreement | Date of coming into effect | Members | Negotiation approach | Products coverage |
06th January 2004 |
01st January 2006 |
India,Pakistan,Sri Lanka,Afganistan,Bangaladesh,Bhutan |
Negative List | All products other than those are in the *sensitive list of the respective member state |
*Sensitive Lists under SAFTA
Member State |
|
Afghanistan | 850 |
Bangladesh | 987 (LDCs) / 993 (NLDCs) |
Bhutan | 156 |
India | 25 (LDCs) / 614 (NLDCs) |
Maldives | 154 |
Nepal | 998 (LDCs) / 1,036 (NLDCs) |
Pakistan | 936 |
Sri Lanka |
925 (LDCs) / 1,058 (NLDCs) |
Rules of Origin Criteria (RoO) under SAFTA applicable to Sri Lanka – at a glance
Wholly obtained products |
Not Wholly obtained products With Sufficient working or processing |
||||
Value Addition |
+ |
Change in HS classification |
|||
√ |
General Rule |
OR |
Cumulative Rule |
CTH OR CTSH under PSR |
|
35% < DVA OR PSR |
50% < RAC AND 20% < DVA |
DVA = Domestic Value Addition |
RAC = Regional Aggregate content |
PSR = Product Specific Rules |
CTH = Change in Tariff Heading |
CTSH = Change in Tariff Sub-Heading |
Statistical Analysis
Sri Lanka’s country wise exports and imports under SAFTA
|
Value in US$ Mn |
|||||||||
Country |
2017 |
2018 |
2019 |
2020 |
2021 |
|||||
|
Exports |
Imports |
Exports |
Imports |
Exports |
Imports |
Exports |
Imports |
Exports |
Imports |
Afghanistan |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Bangladesh |
5.98 |
0.18 |
4.25 |
0.17 |
8.33 |
0.60 |
5.75 |
0.55 |
10.87 |
2.40 |
Bhutan |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
India |
34.65 |
5.79 |
30.47 |
5.27 |
46.62 |
5.78 |
35.88 |
3.57 |
89.52 |
5.26 |
Maldives |
0.03 |
- |
0.03 |
- |
0.05 |
- |
0.15 |
- |
0.29 |
- |
Nepal |
0.29 |
- |
0.15 |
- |
0.04 |
- |
0.09 |
- |
0.70 |
- |
Pakistan |
0.13 |
0.01 |
0.44 |
0.02 |
0.86 |
0.01 |
0.38 |
0.00 |
0.27 |
- |
Total |
41.08 |
5.97 |
35.34 |
5.46 |
55.89 |
6.39 |
42.25 |
4.13 |
101.64 |
7.65 |
Source: Sri Lanka Custom |
Sri Lanka’s product wise exports under SAFTA
Value in US$ Mn |
||||||||
HS |
Description |
2017 |
2018 |
2019 |
2020 |
2021 |
Change in 2021 over 2020 (%) |
Share in 2021 (%) |
090411 |
Pepper of the genius piper, Light berries of pepper |
33.35 |
26.86 |
17.32 |
23.51 |
72.48 |
208.32 |
71.31 |
080111 |
Coconut Desiccated |
0.18 |
1.76 |
27.06 |
10.10 |
13.64 |
34.99 |
13.42 |
761290 |
Aluminum casks, drums, cans |
5.15 |
3.71 |
6.40 |
3.82 |
8.73 |
128.63 |
8.59 |
Other |
2.40 |
3.01 |
5.11 |
4.82 |
6.79 |
41.04 |
6.68 |
|
Total |
41.08 |
35.34 |
55.89 |
42.25 |
101.64 |
140.59 |
100.00 |
|
Source: Sri Lanka Custom |
Sri Lanka’s exports to India under SAFTA
Value in US$ Mn |
||||||||
HS |
Description |
2017 |
2018 |
2019 |
2020 |
2021 |
Change in 2021 over 2020 (%) |
Share in 2021 (%) |
090411 |
Pepper of the genius piper, Light berries of pepper |
33.35 |
26.86 |
17.32 |
23.51 |
72.48 |
208.32 |
80.96 |
080111 |
Coconut Desiccated |
0.18 |
1.76 |
27.04 |
10.10 |
13.64 |
34.99 |
15.24 |
Other |
1.12 |
1.85 |
2.26 |
2.27 |
3.40 |
50.26 |
3.80 |
|
Total |
34.65 |
30.47 |
46.62 |
35.88 |
89.52 |
149.52 |
100.00 |
|
Source: Sri Lanka Custom |
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