The South Asian Free Trade Area (SAFTA) is the free trade arrangement of the South Asian Association for Regional Cooperation (SAARC). The agreement came into force in 2006, succeeding the 1993 SAARC Preferential Trading Arrangement.

What is the main objective of SAFTA?

The objective of SAFTA is to promote good competition in the free trade area and to provide equitable benefits to all the countries involved in the contracts. It also aimed to benefit the people of the country by bringing transparency and integrity among the nations.

How many countries are in SAFTA?

The South Asian Association for Regional Cooperation (SAARC) is an economic and political organization of eight countries in South Asia. It was established in 1985 when the Heads of State of Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka formally adopted the charter.