The South Asian Preferential Trade Arrangement (SAPTA), signed in 1993, was the agreement replaced by the South Asian Free Trade Area (SAFTA) in 2006. SAFTA aimed to achieve greater regional integration by eliminating trade barriers and reducing tariffs among SAARC members, succeeding SAPTA's goal of gradual trade liberalization.
Which agreement was replaced by the South Asian Free Trade Area (SAFTA)?
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