According to experts, SAFTA will bring benefits for Bangladesh to reduce the trade gap.
SAFTA has given more or less benefits to Bangladesh, it is very important for Bangladeshi entrepreneurs to take the advantages because of trade proximity.
India's trade with SAARC countries during the April- August period of FY 2005-06 reached $2.29 billion, registering a 19 percent growth compared to the same period of the previous year.
India's export to Pakistan has gone up by 10 per cent while exports to India from Pakistan have registered to 40 percent growth during this period.
The trade liberalization process under SAFTA mostly depends on Indian interest, because SAARC regional import is dominated mostly by exports from India, which accounts for 84 per cent of its regional trade.
While the region absorbs 5 per cent of India's total exports, only 1 per cent of India's imports come from the region.
So, as a big market player India should look forward to liberalizing its market under SAARC accord.
With non-tariff and para-tariff barriers, the recent India-Pakistan trade dispute under SAFTA may hamper the smooth implementation of SAFTA.
If the India-Pakistan dispute is not resolved SAFTA implementation may fall in trouble
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