An Analysis of SAFTA in the Context of Bangladesh

28 Pages Posted: 14 May 2009

Date Written: May 14, 2009

Abstract

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.

Keywords: Bangladesh, trade, SAFTA, regional trade blocks

JEL Classification: F15, F13, O18

Suggested Citation

Abdin, Md. Joynal, An Analysis of SAFTA in the Context of Bangladesh (May 14, 2009). Available at SSRN: https://ssrn.com/abstract=1404609 or http://dx.doi.org/10.2139/ssrn.1404609

Md. Joynal Abdin (Contact Author)

DCCI Business Institute (DBI) ( email )

DCCI Building (11th Floor), 65-66 Motijheel C/A
Dhaka, 1000
Bangladesh

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