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The South Asian Free Trade Area (SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration. [1]
Arshiya International will be developing three more Free Trade and Warehousing zones in Central, South and East of India. Cochin Special Economic Zone is a Special Economic Zone in Cochin, in the State of Kerala in southwest India, set up for export- oriented ventures.
India Singapore Comprehensive Economic Cooperation Agreement CECA 29 June 2005 1 August 2005 [7] South Korea: India Korea Comprehensive Economic Partnership Agreement (IKCEPA) CEPA 7 August 2009 1 January 2010 [7] Sri Lanka: India Sri Lanka Free Trade Agreement (ISFTA) FTA 28 December 1998 1 March 2000 [9] United Arab Emirates
Indian Prime Minister Narendra Modi and Sri Lankan President Maithripala Sirisena. The Economic and Technology Co-operation Agreement (ETCA) is a proposed diplomatic arrangement that seeks to add to the existing free trade agreement between the Republic of India and the Republic of Sri Lanka, primarily in relation to trade-in services and the service sector; it seeks to emulate a proto freedom ...
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
Kuwait's free trade zone (FTZ) was formally established in 1999 to expand businesses and lure the export industry. The zone was located in the western part of the commercial port of Shuwaikh. It was the only free trade zone in the country. In 2019, the Council of Ministers cancelled the free-zone, leaving Kuwait without a special economic zone ...
It is the site of Bandaranaike International Airport, the primary international air gateway to Sri Lanka. With the change of government in 1977 and the introduction of the open economy policy a large area was allocated to create a free trade zone (currently known as the Export Promotion Zone).
[citation needed] India and Sri Lanka share a maritime border. India is the only neighbour of Sri Lanka, separated by the Palk Strait; both states occupy a strategic position in South Asia and have sought to build a common security umbrella in the Indian Ocean. [1] Both India and Sri Lanka are republics that are members of the Commonwealth of ...