For example, India, Pakistan and Sri Lanka grant market access preferences under the South Asian Free Trade Agreement (SAFTA) to four least developed country members (Bangladesh, Bhutan, the Maldives and Nepal) (see annex II for additional examples). For example, in 2001, the European Union (EU) adopted the “Everything But Arms” (EBA) initiative, granting duty-free access to imports of all products from LDCs— except arms and munitions—without any quantitative restrictions. The EBA initiative, however, also includes temporary exceptions on tariff lines of potential importance to LDCs (rice and sugar).