Areas of Cooperation

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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 Lists by 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 is given below:

MemberState

Number of Products in the earlier Sensitive Lists

 

Number of Products in the 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

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

837  (LDCs)

963 (NLDCs) 

 

Further Reductions in the Sensitive Lists under SAFTA

The SAARC Leaders, SAFTA Ministerial Council and Meetings of SAARC Finance Ministers have been urging further reduction of products covered in the Sensitive Lists under SAFTA especially elimination of those products which are actively traded 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 the matter 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 this purpose, 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 for consideration of the Eighth Meeting of the SAFTA Committee of Experts. The reduction should be of those products which are 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 Years

Tariff Reduction:

0-5%

Sri Lanka

6 Years

-do-

LDC to all Contracting States

8 Years

-do-

NLDC to LDC

3 Year

-do-