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SAARC Preferential Trading Agreement (SAPTA) Services
SAARC Preferential Trading Agreement (SAPTA) Services

SAARC Preferential Trading Agreement (SAPTA) Services

Price 1500 INR/ Number

MOQ : 1 Number

SAARC Preferential Trading Agreement (SAPTA) Services Specification

  • Year of Establishment
  • 1993
  • Target Beneficiaries
  • Exporters, Importers, Trade Organizations in SAARC countries
  • Mode Of Service
  • Preferential Trading
  • Coverage
  • Goods and some selected services as per agreed lists
  • Process
  • Negotiation rounds and periodic review of concessions
  • Service Type
  • SAARC Preferential Trading Agreement (SAPTA)
  • Validity
  • Indefinite, subject to periodic review and amendments
  • Language of Documentation
  • English
  • Documentation Required
  • SAPTA Certificate of Origin, Customs Declaration, Commercial Invoice
  • Objective
  • To promote and sustain mutual trade and economic cooperation among SAARC countries through the exchange of trade concessions
  • Application
  • International Trade Facilitation among SAARC member countries
  • Legal Framework
  • Governed by the provisions of SAPTA agreement signed by member states
  • Support
  • Technical assistance for trade facilitation and policy harmonization
  • Agreement Type
  • Trade Agreement
  • Head Office
  • SAARC Secretariat, Kathmandu, Nepal
  • Basis of Preferences
  • Tariff concessions, Para-tariff and Non-tariff concessions
  • Member Countries
  • Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka
 
 

About SAARC Preferential Trading Agreement (SAPTA) Services



Get the resplendent advantages of SAARC Preferential Trading Agreement (SAPTA) Services and unlock remarkable savings through reduced price tariffs and top-ranking trade concessions. Designed to facilitate mutual trade among SAARC member countries, SAPTA offers coverage for goods and select services, with robust tariff, para-tariff, and non-tariff concessions. Exporters, importers, and trade organizations can benefit vastly from this outstanding service, governed by the SAPTA agreement and supported by technical facilitation. Validity is indefinite, ensuring long-term benefits and ongoing opportunities for economic cooperation and trade advancement.

Specific Usage of SAPTA Services

SAARC Preferential Trading Agreement (SAPTA) Services are tailored for international trade facilitation among SAARC member countries. These services are specifically used to access preferential tariff concessions and streamlined customs documentation for goods and selected services listed in the agreement. Both general and targeted applications are enabled for exporters, importers, and trade organizations, ensuring smoother cross-border operations and reduced bureaucracy when leveraging SAPTA's advantages.


SAPTA Certifications and Sample Policy

Supply of SAPTA Certificates of Origin is essential for benefiting from preferential trading terms. Handover of commercial invoice and customs declaration is mandatory for compliance. Sample certifications can be provided upon formal proposal, with a policy in place to ensure that sample requests are met promptly and accurately. Applicants can discuss proposal amounts required for processing, thereby facilitating efficient support through every step of the SAPTA documentation workflow.


FAQ's of SAARC Preferential Trading Agreement (SAPTA) Services:


Q: How can businesses use SAPTA Services for international trade?

A: Businesses can utilize SAPTA Services by submitting the necessary documentation such as SAPTA Certificate of Origin, Customs Declaration, and Commercial Invoice to gain preferential tariff concessions for eligible goods and select services when trading among SAARC member countries.

Q: What documents are required for SAPTA preferential trading?

A: To avail SAPTA benefits, exporters and importers need a SAPTA Certificate of Origin, customs declaration, and commercial invoice. These documents are vital for validating eligibility under the agreement's tariff and non-tariff concessions.

Q: When are SAPTA concessions reviewed and amended?

A: SAPTA concessions are reviewed and amended periodically through negotiation rounds as decided by the SAARC member states, ensuring the terms remain updated and economically beneficial.

Q: Where is the SAPTA head office located?

A: The SAPTA head office is situated at the SAARC Secretariat, Kathmandu, Nepal, serving as the main administrative center for all agreement-related services and support.

Q: What is the process for obtaining SAPTA trade preferences?

A: The process includes negotiation rounds, periodic review of concessions, and submission of the required documentation followed by validation from relevant authorities within the SAARC countries.

Q: What are the benefits of SAPTA for exporters and importers?

A: SAPTA offers exporters and importers top-ranking savings through reduced price tariffs, simplified customs processes, and enhanced market access across SAARC countries, encouraging mutual trade and economic growth.

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