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Economic and Trade Co-Operation Under SAARC

IndraStra Global, March 2016

3 Pages Posted: 31 Mar 2016  

Md. Joynal Abdin

Executive Director, DCCI Business Institute (DBI)

Date Written: March 13, 2016

Abstract

The South Asian Association for Regional Cooperation was officially established in December 08, 1985. The South Asian Free Trade Area (SAFTA) enter into force on July 01, 2006 under the umbrella of SAARC. From the same platform the SAARC Agreement on Trade in Services enter into force on November 29, 2012. SAARC Agreement on Promotion and Protection of Investment is yet to be finalized and enter into force. In the meantime 30 years gone. SAARC is the home of 21% (1.7 billion) world’s population with 9.12 % of global wealth. Combined SAARC is the third largest economy of the world. But a significant number of world’s poor people are living in this region. With its diverse landscape and variety of natural resources SAARC has every potential for economic development and poverty alleviation within shortest possible time.

Keywords: SAARC, Investment Climate in SAARC, South Asia

JEL Classification: R11, C38, C31

Suggested Citation

Abdin, Md. Joynal, Economic and Trade Co-Operation Under SAARC (March 13, 2016). IndraStra Global, March 2016. Available at SSRN: https://ssrn.com/abstract=2756304

Md. Joynal Abdin (Contact Author)

Executive Director, DCCI Business Institute (DBI) ( email )

Dhaka Chamber Building
65-66 Motijheel C/A
Dhaka, 1000
Bangladesh

HOME PAGE: http://www.dcci-dbi.edu.bd

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