Overview of the SAARC Economy

The southbound Asian Association for Regional Cooperation (SAARC), comprising the cardinal siemens Asian countries of Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka, formally came into existence in 1985 with the adoption of its lodge in at the first Summit in Dhaka (7- 8 December 1985). The idea of divisional cooperation was first proposed through a neighborhoodal forum by Bangladesh in 1980, with a view to holding periodic, regional-level consultations among countries in South Asia on matters of mutual interest and possible cooperation in economic, social, cultural and other fields. The rationale was primarily predicated on the thrive that regional experiences elsewhere in the globe had been highly flourishing and that the countries in the South Asian region would benefit staggeringly from such cooperation as it would strengthen their competitive position, both one at a time and as a group as compared to the other widely distributed communities like the EU. The Bangladesh proposal argued that inherent logic strongly digest regional cooperation, particularly among South Asian countries, because the countries in the region enjoy geographical contiguity, historical, social, cultural and ethnic affinities which would act as centripetal forces and thus, contribute significantly to facilitate coordination and to reduction of encounter costs.

The Foreign Secretaries of the septette South Asian countries accordingly gibe at their first meeting in Colombo (21 - 23 April, 1981) to pursue cooperation in five broad areas, namely agriculture, country development , telecommunications, meteorology, and healt! h and population services. The Foreign Secretaries also agreed to mark up a Committee of the Whole comprising senior officials from the seven countries to identify and report on other areas of possible cooperation. At the first Meeting of this Committee in Colombo, Sri Lanka (31 August - 2 September 1981), the need to expand economic relations, and the need for cooperation in international economic negotiations... If you want to get a enough essay, order it on our website: BestEssayCheap.com

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