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An Analysis of SAFTA in the Context of Bangladesh

Listed author(s):
  • Md. Joynal Abdin

    ()

    (Federation of Bangladesh Chambers of Commerce and Industry (FBCCI))

One of the main economic reasons behind regional trade blocks is to allow their regional members to benefit from economic cooperation and comparative advantages. In 1980, Bangladesh had suggested a regional cooperative body of South Asian leaders, which then led to the establishment of the South Asian Association for Regional Cooperation (SAARC) in 1985, the adoption of the SAARC Preferential Trading Arrangement (SAPTA) in 1993, and the agreement on the South Asian Free Trade Area (SAFTA) in 2004. This paper focuses on a review of the progress made with SAFTA, what Bangladesh’s prospects are in SAFTA, and how SAFTA can be made more active. It provides the historical background about the various initiatives within South Asia, reviews the actual trade data, and reviews the main trade restrictions within SAFTA. It also provides a set of recommendations based on this analysis.

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File URL: http://www.bangladeshstudies.org/files/WPS_no6.pdf
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Paper provided by Bangladesh Development Research Center (BDRC) in its series Bangladesh Development Research Working Paper Series (BDRWPS) with number BDRWPS No. 6.

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Length: 28 pages
Date of creation: May 2009
Handle: RePEc:bnr:wpaper:6
Contact details of provider: Phone: (+001) 703-532-4893
Web page: http://www.bangladeshstudies.org/
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  1. Mustafizur Rahman & Wasel Bin Shadat & Narayan Chandra Das, 2006. "Trade Potential in SAFTA: An Application of Augmented Gravity Model," CPD Working Paper 61, Centre for Policy Dialogue (CPD).
  2. Raihan, Selim & Razzaque, Mohammad A, 2007. "WTO and regional trade negotiation outcomes: quantitative assessments of potential implications on Bangladesh," MPRA Paper 38475, University Library of Munich, Germany.
  3. Kabir, ASM, 2007. "Sanguinity and aspiration toward South Asian Regional integration: a case study of the South Asian Free Trade Area (SAFTA) Agreement," MPRA Paper 3871, University Library of Munich, Germany.
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