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Can Safta lead to a South Asian economic union? -DAWN - Business; 19 January, 2004 |
 | | The signing of the much-awaited Safta, described region's leadership as "historic," is motivated "by the commitment to strengthen intra-Saarc economic cooperation to maximise the realization of the region's potential for trade and development for the benefit of their people," it says. |
 | | Safta affirms the existing rights and obligations under Marrakesh Agreement, establishing the WTO and other treaties and agreements to which Saarc members are signatories. |
 | | Safta also provides for simplification and harmonization of standards, customs clearance, import licensing, import financing by banks, transit facilities especially for landlocked countries, promoting intra-Saarc investments, development of communications and transport, and speedy grant of business visas. |
| www.dawn.com /2004/01/19/ebr8.htm (1424 words) |
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