South Asian Association for Regional Cooperation

The objectives of the subject “South Asian Association for Regional Cooperation” are the following:

1. To understand the purposes and functions of the SAARC;
2. To assess the benefits for the member countries of the SAARC and its areas of cooperation;
3. To analyze the free-trade area (SAFTA) and the economic union of South Asia;
4. To explore the foreign trade among the member countries of the SAARC.

The Subject “South Asian Association for Regional Cooperation” belongs to the following Online Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: World Trade, Ethics, Religion & Business.

Course: Hinduism and Business.

Languages: or Asociación para la Cooperación Regional del Sur de Asia Association sud-asiatique pour la coopération régionale (ASACR) Associação Cooperação Regional Ásia do Sul.

Credits of the Subject “South Asian Association for Regional Cooperation (SAARC)”: 1

South Asian Association for Regional Cooperation

In 1985 was formed the South Asian Association for Regional Cooperation (SAARC) by Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, and Sri Lanka (Asia).

The observer countries of the South Asian Association for Regional Cooperation (SAARC) are Australia, Japan, Iran, Mauritius, Myanmar, South Korea, the U.S., and the EU.

The objective of the SAARC is to speeding up the economic and social development process in Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.

The South Asian Association for Regional Cooperation (SAARC):

1. 1.5 billion people (22% of the World's population);
2. Foreign Trade of South Asia has been increasing at a faster rate (17%) than the world trade growth (11%).

SAARC Preferential Trading Arrangement.

The SAARC Preferential Trade Arrangement (SAPTA) was forecasted primarily as the first step towards the transition to a South Asian Free-Trade Area leading subsequently, towards in a customs union, Common Market and an Economic Union.

1. The South Asian Free-Trade Area enhances the Foreign direct investment inflows growth in Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka;
2. The Agreement on South Asian Free-Trade Area entry into force in 2006.

The South Asian Association for Regional Cooperation consists of:

1. Muslims countries: Afghanistan, Bangladesh, Maldives, and Pakistan;
2. Hindu: India;
3. Buddhist: Bhutan, Nepal, and Sri Lanka.

The South Asian Association for Regional Cooperation (SAARC) belongs to:

1. Central Eurasian Economic Area (Islamic Civilization);
2. Buddhist Civilization;
3. Hindu Economic Area.

ASEAN-SAARC.

Economic Corridors related to the SASEC

1. Bangladesh-Myanmar Corridor;
2. Asia-Africa Corridor;
3. Corridor of the Ashgabat Agreement;
4. India-Afghanistan Corridor;
5. North-South Corridor (India-Russia);
6. Islamabad-Istanbul Corridor.

(c) EENI Global Business School (1995-2023)
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