The Understanding of Free Trade Agreements

The South Asian countries, being one of the least integrated regions, are experiencing immense and unprecedented growth in trade and commerce in recent times. Political dynamics and bureaucratic complexities significantly hindered effective integration as most of these countries have a turbulent political history. However, the countries have implemented various bilateral and intra-regional treaties to promote regional integration and prosperity within this region. These treaties aim to enhance regional cooperation by eradicating trade barriers. This book delves into an objective assessment of the SAFTA from fresh perspectives. For that, the author explored various provisions of NAFTA and GATT. The author firmly believes that the SAARC may play an instrumental role in ensuring an effective South Asian intra-trade system. The book also recommends various methods for South Asian integration to simplify the trade rules, increase transparency, promote intra