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India's Intra Saarc Trade Position

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India's Intra Saarc Trade Position
Globalisation and Indian Economy Report

India 's Intra-SAARC Trade Position
During The Last Decade (2002-2011)

GROUP 7

INTRODUCTION
SAARC
The South Asian Association for Regional Cooperation (SAARC) is an organisation of South Asian nations, which was established on 8 December 1985 when the government of Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka formally adopted its charter providing for the promotion of economic and social progress, cultural development within the South Asia region and also for friendship and cooperation with other developing countries. It is dedicated to economic, technological, social, and cultural development emphasising collective self-reliance. It is headquartered in Kathmandu, Nepal.
Its seven founding members are Sri Lanka, Bhutan, India, Maldives, Nepal, Pakistan, and Bangladesh. Afghanistan joined the organization in 2007.
Objectives of SAARC
The objectives and the aims of the Association as defined in the Charter are: * to promote the welfare of the people of South Asia and to improve their quality of life; * to accelerate economic growth, social progress and cultural development in the region and to provide all individuals the opportunity to live in dignity and to realize their full potential; * to promote and strengthen selective self-reliance among the countries of South Asia; * to contribute to mutual trust, understanding and appreciation of one another 's problems; * to promote active collaboration and mutual assistance in the economic, social, cultural, technical and scientific fields; * to strengthen cooperation with other developing countries; * to strengthen cooperation among themselves in international forums on matters of common interest; * to cooperate with international and regional organisations with similar aims and purposes.
Principles of SAARC * Cooperation within the framework of the ASSOCIATION shall be based on respect for the principles



References: 1. www.saarc-sec.org/ 2. http://www.trademap.org/ 3. http://comtrade.un.org/ 4. www.cia.gov/library/publications/the-world-factbook/index.html 5. www.economist.com/countries/India/ 6. “SAARC, The Road-Map for Economic Cooperation- South Asian Perspective” by Dr. Sikander Khan

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