Made by ANUJ GUPTA ,KAVYA BAJPAI , JEETESH ,KUMAR MAYUR ,AYUSHI SINGHAL (JAIPURIA INSTITUTE OF MANAGEMENT NOIDA)

1. GROUP 4
SUBMITTED TO: SUBMITTED BY:
PROF. ALOK KUMAR KAVYA BAJPAI
AYUSHI SINGHAL
ANUJ GUPTA
JEETESH KUMAR
MAYUR SENAPATI

2. AGENDA
SAFTA

4. Introduction
• The EU traces its origins from the European Coal and
Steel Community (ECSC) and the European Economic
Community (EEC), established, respectively, by the
1951 Treaty of Paris and 1957 Treaty of Rome.
• It is a political and economic union of 28 states that are
primarily located in Europe.
• The EU has developed an internal single market through
a standardized system of laws that apply in all member
states.
• The original members of what came to be known as
the European Communities, were the Inner Six;
Belgium, France, Italy, Luxembourg, the Netherlands
and West Germany.

5. Objectives of EU
• A common European area without borders.
• Internal market
• Stable and sustainable development
• Scientific and technological development
• Prevention of social exclusion
• Respect for languages and cultures
• Common foreign and security policy

6. Functions of EU
• Elimination of custom duties, quantitative
restrictions.
• Establishment of a common custom tariff
common commercial policy.
• Formulation of common policy in the area of
agriculture.
• Coordination of economic policies among
member countries.
• Establishment of a system which would ensure
competition.

7. Failure of EU
• The EU Is Anti-Democratic
• Brexit
• Immigration
• The Failure Of European Neoliberalism
• Corporatism
• Economic Stagnation
• Islamic Terrorism And The Far Right
• The Currency Is A Dead Weight And The Union
Is The Sick Man Of The Global Economy

8. Controversies related to EU
• U.K. participation in the European Union has
undermined some British industry, due to
increased competition.
• The British beef Controversy.
• Prior to England joining the European Union,
France was the leading E.U. nation.
• The United Kingdom resents its financial
obligations to the European Union.

10. INTRODUCTION
• The colonial powers left these Asian regions
shattered.
• Late start in business and technology compared
to the more developed states was common to few
Asian states.
• In 1961, association of Southest Asia consisting
of the Philippins , Malaysia, and Thailand came
into existance.

11. OVERVIEW OF THE ASEAN COMMUNITY
• ASEAN political security community(APSC)
ensures that the people and member states
ASEAN live in peace with one another and
within the world at largest in a just, democratic
and harmonious environment.
• ASEAN ECONOMIC COMMUNITY(AEC)
Transform ASEAN into a stable , prosperous and
highly competitive regions with equitable
economic development.

12. Objectives of ASEAN
• Poverty
• No hunger
• Good health
• Quality education
• Climate action
• Innovation and infrastructure
• Reduced inequality
• Peace and justice

13. CONFICTS AND CONTROVERSIES
• ASEAN adopts controversial human rights
declaration.
• The P.M. of Cambodia and Thailand exchanged
heated words over their borders
• With Russian help, ASEAN looks to a
controversy nuclear- powered future.
• At ASEAN Vietnam urges greater US
involvement in spratly islands.

14. • ASEAN socio-cultural community (ASCC)
Contributes to realizing an ASEAN community
that is people- oriented and socially responsible
with a view to achieving enduring solidarity and
unity.

15. SAFTA
South Asian Free Trade Area
SAFTA
Agreement Made January 6th, 2004
Came into force January 1th, 2006
It will replace the earlier South Asia
Preferential Trade Agreement (Sapta), which
was limited
Organized to remove barriers to trade
between member nations
 7 members: India, Pakistan, Bangladesh,
Bhutan, Maldives, Nepal and Sri Lanka

16. SAFTA MEMBERS

17. Objectives
promoting and enhancing mutual trade and economic
cooperation by eliminating barriers in trade.
promoting conditions of fair competition in the free
trade area,
Ensuring equitable benefits to all and establishing a
framework.
It also aimed to benefit the people of the country by
bringing transparency and integrity among the
nations.

18. IMPACT OF SAFTA
Positive Impact
Attract Foreign Capital
Elimination of Tariff
Better Political Relations
Negative Impact
Long Sensitive List of
Product
Gains for small
Economics
Not Meeting Standard
Economics Criteria
Benefit India Most

19. Instrument of SAFTA:
The main instruments involved in SAFTA are:
• 1. Trade Liberalization Programmed
• 2. Rules of Origin
• 3. Institutional Arrangements
• 4. Consultations and Dispute Settlement Procedures
• 5. Safeguard Measures
• 6. Try other instrument that may be agreed upon.

20. Issues
Lack of commitment by Government
• Self centeredness of the countries in the bloc
• Political issues between member nations
1) India – Pakistan
2) China-India-Bhutan
3) India-Nepal
• Dual Framework with more importance to bilateral
agreements.
• Lack of proper framework.

21. THANK YOU