2

Regional trade agreements in South Asia

Abstract:

This chapter first discusses the important RTAs in South Asia, and then provides detailed information about SAFTA.

Key words

regional trade agreement

SAFTA

economic cooperation

Introduction

Following the global trends discussed in Chapter 1, South Asian countries have intensified regional economic integration through regional, subregional and bilateral approaches.1 Some of the main regional groups are discussed here.

Bilateral arrangements

Agreement on trade and commerce between India and Bhutan

The Treaty of Friendship and Cooperation of 1949 administers the basic framework of bilateral relations between India and Bhutan. The India-Bhutan Trade Treaty first signed in 1972 was renewed ...

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