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New Delhi, April 5

FICCI has warned that in the absence of a concrete economic integration framework, the SAARC grouping would not be able to realise its objectives. To achieve intra-regional trade of $20 billion by 2010, the chamber has suggested implementing South Asian Free Trade Agreement in letter and spirit and reducing the sensitive lists. It has also advocated harmonising standards and customs procedure and ensuring mutual recognition of certificates. Finalising and implementing the Regional Motor Vehicle Transport Agreement, and introducing world-class infrastructure at land border ports of SAARC member nations have also been suggested by the chamber.

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