The SAFTA instrument will be as follows: Free trade agreement A free trade agreement between two countries or a group of countries to remove tariffs, quotas and preferences for most (if not all) products between them. Countries choose a free trade agreement when their economic structures are complementary and non-competitive. To date, India has signed free trade agreements with the following two countries: Norway has signed declarations of cooperation with the following countries: in addition to the EFTA agreement and the free trade agreement with the European Union, Switzerland currently has a network of 30 free trade agreements with 40 external partners in the EU and new agreements are being negotiated. The signatories to a free trade agreement form a free trade area (for example. B Switzerland-EU). It is not a customs union, that is, the signatories of the agreement retain their own external tariffs. On the other hand, in the case of a customs union, there are only common external customs duties. Once the goods have crossed this line and reached the market, they can move freely between the different countries without any other tariffs. Examples of customs union: European Union or Swiss-Liechtenstein. An interactive list of bilateral and multilateral free trade instruments can be find on the TREND Analytics website.  In some circumstances, trade negotiations have been concluded with a trading partner, but have not yet been signed or ratified.
This means that, although the negotiations are over, no part of the agreement is yet in force. SAARC was recognized in Dhaka on 7 and 8 December 1985 with the aim of promoting the interests of the people of South Asia; Improving economic and social progress; Support an active partnership in economic development and social progress; Support an active partnership in the economic, social, cultural, technical and scientific fields; intensification and cooperation in international for a on issues of similar interest; and cooperates with international and regional organizations with similar objectives and objectives. Its members include Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. Content of agreements The essential element of each agreement is trade in goods (including tariff reductions and other trade restrictions). They regulate trade in industrial products (SH chapters 25-97), fish and processed agricultural products. Trade in unprocessed agricultural products is generally governed by separate bilateral agricultural agreements. On August 1, 1967, was established in Bangkok by the five member countries of origin, including Indonesia, Malaysia, the Philippines, Singapore and Thailand. It now has ten countries: Brunei Darussalam, Cambodia, Indonesia, the Laonese PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. India is one of the four ASEAN “summit dialogue partners.” Switzerland (which has a customs union with Liechtenstein, which is sometimes contained in agreements) has bilateral agreements with the following countries and blocs: Afghanistan has bilateral agreements with the following countries and blocs: Framework Agreement A framework agreement is a framework agreement that sets the period for substantial future liberalization by defining the scope and provisions of the orientation for certain new areas of discussion. The list of countries with which India enjoys a framework agreement are such as: negotiated agreements, meetings, fact sheets, circular reports Trade agreements This is a bilateral or multilateral treaty or another opposable pact requiring two or more nations on specific trade terms, most of which include advantageous concessions at the same time.