Presence of Exim Bank in Saarc Region
History of SAARC
The concept of setting up a regional co-operational in the South Asian Region was first mooted by the late President of Bangladesh, Ziaur-Rahman on May 2, 1980. Before this, the idea of regional cooperation in South Asia was discussed in conferences of Asian Regional conference, New Delhi in April 1947, the Baguio Conference in Philippines in May 1950, and the Colombo Power Conference in April 1954. further in the late 70s, SAARC nations agreed to create a trade bloc consisting of South Asian countries. The idea of regional cooperation in South Asia was again mooted in May 1980as a result, the foreign secretaries of the seven countries met for the first time in Colombo in April 1981. The Committee of the Whole, which met in Colombo in August 1985, identified five broad areas for regional cooperation. New areas of cooperation were added in the following years.Hence the South Asian Association of Regional Cooperation (SAARC) was created in 1985 with eight member countries in SAARC namely Afghanistan, Bangladesh, Bhutan, India, Nepal, Maldives, Pakistan and Sri Lanka. It also has nine observers, namely China, EU, Iran, Republic of Korea, Australia, Japan, Mauritius, Myanmar and USA.
The objectives 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
The concept of setting up a regional co-operational in the South Asian Region was first mooted by the late President of Bangladesh, Ziaur-Rahman on May 2, 1980. Before this, the idea of regional cooperation in South Asia was discussed in conferences of Asian Regional conference, New Delhi in April 1947, the Baguio Conference in Philippines in May 1950, and the Colombo Power Conference in April 1954. further in the late 70s, SAARC nations agreed to create a trade bloc consisting of South Asian countries. The idea of regional cooperation in South Asia was again mooted in May 1980as a result, the foreign secretaries of the seven countries met for the first time in Colombo in April 1981. The Committee of the Whole, which met in Colombo in August 1985, identified five broad areas for regional cooperation. New areas of cooperation were added in the following years.Hence the South Asian Association of Regional Cooperation (SAARC) was created in 1985 with eight member countries in SAARC namely Afghanistan, Bangladesh, Bhutan, India, Nepal, Maldives, Pakistan and Sri Lanka. It also has nine observers, namely China, EU, Iran, Republic of Korea, Australia, Japan, Mauritius, Myanmar and USA.
The objectives 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