What does SAPTA mean in International Business?
This page is about the meanings of the acronym/abbreviation/shorthand SAPTA in the Business field in general and in the International Business terminology in particular.
SAARC (South Asian Association for Regional Cooperation) Preferential Trading Arrangement
Submitted by paul8539 on December 10, 2010
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Definition
What does SAPTA mean?
- sapta
- The South Asian Association for Regional Cooperation (SAARC) is the regional intergovernmental organization and geopolitical union of states in South Asia. Its member states are Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. SAARC comprises 3% of the world's land area, 21% of the world's population and 5.21% (USD 4.47 trillion) of the global economy, as of 2021. SAARC was founded in Dhaka on 8 December 1985. Its secretariat is based in Kathmandu, Nepal. The organization promotes economic development and regional integration. It launched the South Asian Free Trade Area in 2006. SAARC maintains permanent diplomatic relations at the United Nations as an observer and has developed links with multilateral entities, including the European Union.
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"SAPTA." Abbreviations.com. STANDS4 LLC, 2024. Web. 21 Dec. 2024. <https://www.abbreviations.com/term/595443>.
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