Economic and Trade Co-Operation Under SAARC
IndraStra Global, March 2016
3 Pages Posted: 31 Mar 2016
Date Written: March 13, 2016
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: Suggested Citation