Course summary (South Asian Association for Regional Cooperation SAARC):
In 1985 was formed the South Asian Association for Regional Cooperation (SAARC)
by: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan
and Sri Lanka.
Observer countries of the South Asian Association for Regional
Cooperation (SAARC): People's Republic of China,
Japan, South Korea,
United States,
Iran,
Mauritius, Australia, Myanmar and
the European Union
The objective of the South Asian Association for Regional Cooperation (SAARC)
is to speed up the process of
economic and social development in Afghanistan, Bangladesh, Bhutan,
India, Maldives, Nepal, Pakistan and Sri Lanka..
The South Asian Association for Regional Cooperation (SAARC)
- 1.5 billion people (22% of population of the world).
- International trade
of South Asia has been
increasing at a faster rate (17%) than the growth of world international Trade (11%) (2000-06).
SAARC Preferential Trading Arrangement (SAPTA)
SAARC Preferential Trade Arrangement (SAPTA) was forecasted primarily as the 1st step towards the transition to a
South Asian Free Trade Area (FTA) leading subsequently, towards in
customs union, common market and
economic union.
The South Asian Free trade area (FTA) enhances the chance of augmented Foreign direct investment (FDI)
inflows in Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and
Sri Lanka.
The Agreement on South Asian Free Trade Area (FTA) entry into
force in 2006.
Example of the course South Asian Association for Regional Cooperation SAARC:
