Question

When was the SAFTA agreement signed?

Hint:

For international treaties and agreements, it's important to distinguish between the date of signing and the date it came into force (or effect). The signing date is when leaders agree to the text, while the "in-force" date is when its provisions become legally binding, often after ratification.

Answer 1

Step 1: Understanding the Concept:
The question asks for the signing date of the SAFTA agreement. SAFTA stands for the South Asian Free Trade Area, and it is an agreement among the member nations of the South Asian Association for Regional Cooperation (SAARC).
Step 2: Detailed Explanation:
The Agreement on the South Asian Free Trade Area (SAFTA) was signed during the 12th SAARC Summit held in Islamabad, Pakistan. The date of the signing was January 6, 2004. The agreement came into force on January 1, 2006. Its objective is to promote and enhance mutual trade and economic cooperation among the SAARC countries by reducing tariffs and trade barriers.
Step 3: Final Answer:
The SAFTA agreement was signed on January 6, 2004.