8/13/2019 There Were Seven Original Members of the SAARC

1/165

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India has

reduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh

1233 (LDCs)

1241(NLDCs)

987 (LDCs)

993 (NLDCs)

Bhutan 150 156

8/13/2019 There Were Seven Original Members of the SAARC

2/165

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States for

enhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariffReduction:

0-5%

Sri Lanka 6 Years -do-

8/13/2019 There Were Seven Original Members of the SAARC

3/165

LDC to allContractingStates

8 Years -do-

NLDC to LDC 3 Year -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

4/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

5/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

6/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

7/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

8/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

9/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

10/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

11/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

12/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

13/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

14/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

15/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

16/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

17/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

18/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

19/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

20/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

21/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

22/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

23/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

24/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

25/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

26/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

27/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

28/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

29/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

30/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

31/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

32/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

33/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

34/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

35/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

36/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

37/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

38/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

39/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

40/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

41/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

42/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

43/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

44/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

45/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

46/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

47/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

48/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

49/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

50/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

51/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

52/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

53/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

54/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

55/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

56/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal

1257 (LDCs)

1295(NLDCs)

998 (LDCs)

1036 (NLDCs)

Pakistan 1169 936

Sri Lanka 1042[845 (LDCs)]

906 (NLDCs)

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging furtherreduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are activelytraded or have the potential of being traded under SAFTA.

Accordingly, the Seventh Meeting of the SAFTA Committee of Experts (Islamabad, 14-15 February 2012) discussed thematter and all delegations agreed that there was need for further reduction in the Sensitive Lists of Member States forenhancing trade under SAFTA especially for encouraging exports from Least Developed Contracting States. For thispurpose, the Meeting decided to form an ad-hoc Working Group on Reduction in the Sensitive List under SAFTA (Phase-III).The Working Group would devise modalities of reduction in the Sensitive Lists and make its recommendations forconsideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products whichare of export interest to Member States.

The following Phase-out period for the tariff lines to be taken out of the Sensitive Lists has also been agreed to:

Base Rate: Tariff As on September 2010

Date of Implementation: 1.1.2012 (for Nepal 01.8.2012)

NLDC to NLDC 3 YearsTariff

8/13/2019 There Were Seven Original Members of the SAARC

57/165

Reduction:

0-5%

Sri Lanka 6 Years -do-

There were seven original members of the SAARC: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri

Lanka. Afghanistan later joined the SAARC in 2007 bringing the total number of members up to eight. There are also

nine observer states: Australia, China, the European Union, Japan, Iran, Mauritius, Myanmar, South Korea, and the

United States.

Revised Sensitive Lists under SAFTA (Phase-II)Revised Sensitive Lists under SAFTA (Phase-II)

The Working Group on Reduction in the Sensitive Lists under SAFTA has completed its task of reducing the Sensitive Listsby 20%. Maldives has reduced its Sensitive List from 681 tariff lines to 152 tariff lines (78% reduction) and India hasreduced its Sensitive List for Least Developed Member States from earlier 480 tariff lines to only 25 tariff lines (95%reduction).

The number of products covered in the Sensitive Lists of Member States before and after the 20% or more reduction isgiven below:

MemberState

Number ofProducts inthe earlierSensitive

Lists

Number of Products inthe Revised Sensitive

Lists (Phase-II)

w.e.f. 1 January 2012

(1) (2)(3)

Afghanistan 1072 858

Bangladesh 1233 (LDCs) 987 (LDCs)

8/13/2019 There Were Seven Original Members of the SAARC

58/165

1241(NLDCs)

993 (NLDCs)

Bhutan 150 156

India

480 (LDCs)

868(NLDCs)

25 (LDCs)

614 (NLDCs)

Maldives 681 154

Nepal