.1(is an area or region over which a state or organization has significantcultural, economic, military or political influence) is largest of any regional organization. Theheadquarters of SAAC are Katmandu and Nepal. Chairman and secretary General are MahindaRajapaksa and Sheel Kant Sharma respectively. The GDP in 2005 was estimated as US$4074031 million and per capita US $ 2777.
PRINCIPLES: SAARC was adopted.
1.Cooperation within the framework of the ASSOCIATION shall be based on respect for the principles of sovereign equality, territorial integrity, political independence, non-interferencein the internal affairs of other States and mutual benefit.
2. Such cooperation shall not be a substitute for bilateral and multilateral cooperation but shallcomplement them.
3.Such cooperation shall not be inconsistent with bilateral and multilateral obligations
OBJECTIVES:
The objectives of the association in charter are:
4•Topromote the welfare of the people of South Asia and to improve their quality of life;
•To accelerate economic growth, social progress and cultural development
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