The Agreement on South Asian Free Trade Area (SAFTA) entered its second phase of implementation in 2008. The creation … of a free trade area is expected to affect its participants—Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, and … Sri Lanka—very differently given their diversity in terms of size, income, and structure of trade and protection. Using …

reciprocal free trade agreements with them through Economic Partnership Agreements (EPAs). As a result, the EPA talks were … interests of developing countries. This policy shift from preferential trade to free trade would imply drastic changes for … high level of public receipts there. Finally this kind of reform could lead to trade diversion in Senegal while creating …