SAARC: Origin‚ Growth‚ Potential and Achievements Muhammad Jamshed Iqbal∗ Introduction The world today is at a turning point. The changes that we are undergoing are global in scope‚ revolutionary‚ fundamental and structural in content. As we have entered the 21st century a sense of optimism prevails for attaining peace and prosperity through effective role-play of regional as well as global organizations. Many view Asia as having a variety of characteristics in common with Europe of the nineteenth
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requirement of MBA program in East West University. We are doing it to complete the course Business Communication (MBA 506). We were provided a list of topics in the class and from that we chose our topic SAARC - An Overview’. Objective The South Asian Association for Regional Cooperation (SAARC) was established when its Charter was formally adopted on December 8‚ 1985 by the Heads of State or Government of Bangladesh‚ Bhutan‚ India‚ Maldives‚ Nepal‚ Pakistan and Sri Lanka. It provides a platform
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Bilateralism among SAARC nations:Trade & Investment The South Asian Association for Regional Cooperation or SAARC was created to promote economic integrity and cooperation among 7 South Asian nations namely India‚ Bangladesh‚ Pakistan‚ Bhutan‚ Nepal‚ Maldives‚ and Sri Lanka. The Association was formed in 1985 with the aim to ensure social and economic development of the member countries. However‚ over the years it has been seen that SAARC mainly worked towards development of economic
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SAARC Prospect & Problem / Achievement & Problems 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
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Trading blocs are agreements between governments of countries where they agree to reduce or abolish tariffs and taxes on inter-country trading. While this might seem like a good idea on the surface‚ there are some significant disadvantages for countries joining trading blocs‚ which are also sometimes known as Free Trade Agreements. It�s been long believed by economists and some scholars that the disadvantages of trading blocs outweigh the advantages. Perhaps the main disadvantage of a trading
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Sanoussi Bilal‚ “Trade blocs”‚ in R. Jones ed.‚ Routledge Encyclopedia of International Political Economy‚ Routledge‚ forthcoming (2001). Trade blocs 1.Definition and examples A trade bloc can be defined as a ‘preferential trade agreement’ (PTA) between a subset of countries‚ designed to significantly reduce or remove trade barriers within member countries. When a trade bloc comprises neighbouring or geographically close countries‚ it is referred to as a ‘regional trade (or integration) agreement’
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South Asian countries was established in 1985 in Colombo. It was named “South Asian Association for Regional Cooperation (SAARC)” after dedicating to economic‚ technological and cultural development programs among its member countries which are Sri Lanka‚ Pakistan‚ India‚ Maldives‚ Bhutan‚ Nepal‚ Bangladesh‚ while Afghanistan joined this association later in 2007. Initially SAARC was established to retreat and up hold the peace in the south Asia region and create the opportunities of interaction between
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FUTURE OF SAARC THE vast South Asia subcontinent was split into two nations in 1947 when India and Pakistan came into existence because of their irreconcilably divergent religions‚ political perceptions and ethnic cleavages. It became impossible to make the Hindus and Muslims live under any single arrangement. They could not get along side by side any more. The other States which became independent were Sri Lanka (1948)‚ the Maldives (1996) and Bangladesh 1971‚ whose story of creation is somewhat
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South Asian Association of Regional Co-operation An Overview: Success and Failures AN INTRODUCTION 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
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Causes of failure of SAARC THE two-day 16th summit of South Asian Association for Regional Cooperation (Saarc) held in Bhutanese capital of Thimpu on April 28-29 concluded with a joint declaration expressing the resolve of their leaders to wage common struggle for economic development‚ improve their inter-connectivity‚ promote people to people contacts and evolve a joint strategy to tackle the issues of climate change‚ water and food shortages. During the last quarter of the previous century
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