Journal of Contemporary Issues in Business Research

ISSN 2305-8277
SAFTA: A Stumbling Trading Block
SAFTA: A Stumbling Trading Block
Shahida Wizarat, 1 Aamir Hussain Siddiqui, 2 and Aamir Hussain Siddiqui 3
Author Affiliations
  • 1 Trade Development Authority
  • 2 Govt. Degree Boys College, 5-L, North Karachi
  • 3 Institute of Business Management, Karachili
    Abstract

    This study aims at analyzing the trade pattern of Sri Lanka with Pakistan and India. Sri Lanka has signed Free Trade Agreement with India and Pakistan and these three countries also members of SAFTA. Data reveals that bilateral trade between Sri Lanka and Pakistan is progressing under Pakistan-Sri Lanka FTA regime and same is the situation with India. Trade of Sri Lanka with these countries has nothing to do with SAFTA regime or agreement as trade is more favorable under bilateral FTA regime. Majority of the commodities trade under FTA are those which have higher value of revealed comparative advantage. Commodities which have lower comparative advantage are those which have MFN zero rated import duty or are not covered in FTAs. Therefore countries would not prefer to trade under SAFTA regime where preferential market access would be given to large number of countries. Keeping this in view reality, it may be concluded that SAFTA is a stumbling trade bloc.

    Keywords
    SAFTA; FTA; Trading Bloc; Pakistan; Sri Lanka; India.

    CITE THIS ARTICLE AS:
    Copy and paste a formatted citation.

    MLA
    Wizarat, Shahida, Aamir Hussain Siddiqui and Ehsan Ahmed Shaikh. "SAFTA: A Stumbling Trading Block." Journal of Contemporary Issues in Business Research 3.6 (2014): 304-313.
    APA
    Wizarat, S., Siddiqui, A. H., & Shaikh, E. A. (2014). SAFTA: A Stumbling Trading Block. Journal of Contemporary Issues in Business Research , 3 (6), 304-313.
    Chicago
    Wizarat, Shahida, Aamir Hussain Siddiqui, and Ehsan Ahmed Shaikh. "SAFTA: A Stumbling Trading Block." Journal of Contemporary Issues in Business Research 3, no. 6 (2014): 304-313.
  •    Go Back
    «Previous   |  Next Article»
    Table of Contents
    ------------------------------------- This Article
    First published online before print: 2014
    Vol. 3, No. 6, 2014, pp. 304-313
    Full Text (PDF)

    -------------------------------------
    Classifications
    Article
    -------------------------------------
    Google Scholar
    Articles by Wizarat, S.
    Articles by Siddiqui, A.H.
    Articles by Shaikh, E. A.
    Search for related content

    -------------------------------------
    » Get Permission
    -------------------------------------
    Social Bookmarking
    Copyright © 2012-2015 Journal of Contemporary Issues in Business Research (JCIBR)

    All Rights Reserved

    Powered By: Institute of Contemporary Business Research (ICBR)

    Creative Commons License
    The work of JCIBR is licensed under CC BY-NC-ND