Objectives saarc was established with the following objectives. The objectives of the association as outlined in the saarc charter are. The foreign ministers of the future saarc countries met at colombo in 1981 to discuss the issue. The year 2001 was declared as the deadline to finalise a treaty for the south asian free trade association s afta. Saarc summit in 2007 whereas iran, the european union eu, the united states, myanmar and china have the observer status of the organisation. The south asian association for regional cooperation saarc is an economic and geopolitical organization of south asian nations. South asia is a region with geographic and cultural entity, and hence it has enough potential to perform.
In april 2007, at the associations 14th summit, afghanistan became its eighth member. The objective of this paper is to present some preliminary information relevant to the pattern and process of regional economic integration in the member states under saarc in the region. With this, the earlier sapta established in 1995 had paved the way to safta. About saarc south asian association for regional cooperation. Its member states are afghanistan, bangladesh, bhutan, india, the maldives, nepal, pakistan and sri lanka. Saarc is planning establishment of a south asian free trade area safta. Subsequently, trade promotion was also actively pursued. Goals and objectives of south asian association for. They give more importance to other cooperation forums like asean. Saarc has tremendous potential for mutual benefit of all the countries and the objectives are well achievable. Essay on saarc trade organisations international economics. Complete notes on saarcobjectives, safta and problems. The agreement came into force in 2006, its basic aim was to decrease custom duties to zero on all traded goods. This chapter is a part of brookings indias briefing book, reinvigorating saarc.
Abstractthe south asian association for regional cooperation was officially established in december 08, 1985. Saarc and indopak relationship 1 the initial objective of this regional forum was to improve the bilateral relations in the areas of common interests and raising the quality of life by enhancing the economic and social cooperation in the region. Indopak relations have hampered the progress of saarc. South asian association for regional cooperation saarc. It plays the role of a guiding force for the member countries. A slew of bilateral meetings with neighboring countries reinvigorating saarc. South asian association for regional cooperation satya vrat yadav 5000224 r450212091 2. The combined economy of saarc is the 3rd largest in the world in the terms of gdpppp. The south asian association for regional cooperation saarc is an economic and geopolitical organisation of eight south asian nations.
Out of 106 items offered by india for tariff concessions, 62 items would be for the least developed countries in the saarc. Sri lanka made a proposal for the creation of a saarc preferential trade agreement sapta. Another important arrangement was south asian free trade area established in 2004 in order to make saarc a free trade area. The south asian association for regional cooperation saarc was established in 1985, in bangladesh, with the objective to promote economic development and prosperity of the south asian people. Notes on objectives of saarc grade 6 social studies.
South asian association for regional cooperation saarc was established on 8 december. Here is an essay on saarc for class 9, 10, 11 and 12. Official language english members india, pakistan, bangladesh, nepal, bhutan, srilanka, maldives, afghanistan 1st summit at dhaka, only 1 new member added since birth i. With this, the earlier sapta established in 1995 had paved the. Celebrating the 25th anniversary of the saarc charter day on december 08, 2010 topic. Initial members of the saarc countries were india, bangladesh, pakistan, bhutan, nepal, maldives and sri lanka. South asian association for regional cooperation wikipedia. Implications of the agreement on south asian free trade. The south asian association for regional cooperation saarc comprises bangladesh, bhutan, india, the maldives, nepal, pakistan and sri lanka. Gk questions on saarc summits general knowledge mcq gk. The south asian association for regional cooperation, or saarc, is an economic and geopolitical organization that was established to promote socioeconomic development, stability, and welfare economics, and collective selfreliance within its member nations.
Implications of safta on tobacco trade and public health in the saarc. Saarc countries seem to be connected more to the outside world than to each other. Essay on the introduction to saarc essay on the objectives and principles of saarc essay on the organisation of saarc essay. Agreement on south asian free trade area safta the governments of the saarc south asian association for regional cooperation member states comprising the peoples republic of bangladesh, the kingdom of bhutan, the republic of india, the republic of maldives, the kingdom of nepal, the islamic republic of pakistan and the. At the 18th saarc summit, they directed ministerial and secretarylevel mechanisms on poverty alleviation to revisit saarc plan of action on poverty alleviation, taking into account post2015 development agenda. Brief notes on the organization structure of saarc. According to the agreement on south asian free trade area safta that all saarc countries adopted, the tariff reduction plan of saarc had been carried out in two phases since 2006, that is, india and pakistan put tariffs on all goods down to 20% in two years, while other countries to 30% within three years. The member countries of south asian association for regional cooperation saarc are india, pakistan, bangladesh, sri lanka, nepal, bhutan and maldives, saarc started functioning from 1985. Find paragraphs, long and short essays on saarc especially written for school and college students. For a proposal that has already been delayed, it will take some genuine political cooperation for the tariff reduction process to run smoothly. Attached to the planning commission is an organization designated as the programme evaluation organization here is your short essay on saarc notes on the organization and structure of police in india what are the characteristics of a functional organization structure. It plans to establish a system of common market, currency and free flow of goods and services between the member states. The saarc seven countries signed a treaty that would lead to free trade. The major objective of saarc is to make the saarc as a free trade zone and eliminate poverty from this region.
The members of saarc at its 12th summit held in islamabad 2004 signed a historic agreement on free trade by agreeing to create a south asian free trade area by 2006. The objectives, principles and general provisions as mentioned in the saarc charter are as follows. Saarcsouth asian association for regional cooperation. The saarc members took a historic decision to extend regional cooperation to the core economic areas. Saarc is the common platform for all the member countries to work together in a goal to achieve friendship, trust, and understanding. The south asian association for regional cooperation saarc chamber of commerce recently hosted a conference on regional economic integration where the areas of concern poverty, disease, environmental degradation, etc. What is saarc history and objectives elections in india. India, pakistan nepal, bhutan, bangladesh, sri lanka and maldives are its founding members. To view the preface and table of contents, click here. Nepal and saarc ministry of foreign affairs nepal mofa. To promote the welfare of the peoples of south asia and to improve their quality. Introduction the south asian association for regional cooperation saarc is an organization of south asian nations, founded in december 1985 and dedicated to economic, technological, social, and cultural development emphasizing collective selfreliance. Saarc is a manifestation of the determination of the peoples of south asia to work together towards finding solutions to their common problems in a spirit of friendship, trust and understanding and to. The saarc comprises five leayers of organizational structure.
Gk questions on saarc summits saarc south asian association for regional corporation is an organization of eight countries located in the south asia. Safta was envisioned as a move towards the establishment of regional. Saarc summit held in dhaka on 78 december 1985 adopted the charter formally establishing the south asian association for regional cooperation saarc. There are number of areas to extend and strengthen intraregional cooperation and also to serve the human resource here in the region. At first we have to know the object of creating saarc to find out the main functions of saarc, the main functions of saarc have been mentioned below. The south asian free trade area safta enter into force on july 01, 2006 under the umbrella of saarc. The south asian association for regional cooperation saarc is the regional intergovernmental organization and geopolitical union of states in south asia. If indopak relations improve, many saarc nations could benefit from it by improved. Saarc was established to promote regional cooperation for development and prosperity of the south asian region. However, the agreement to establish this free trade zone will take 10 years of gradual tariff reduction. India offers a great source of potential investment in terms of trade and commerce as it is the sole saarc member to be sharing borders with all 6 members via land or sea. Saarc south asian association of regional cooperation a free powerpoint ppt presentation displayed as a flash slide show on id. The south asian free trade area or safta is an agreement reached on 6th january 2004 at the 12th saarc summit held in islamabad of pakistan. 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 potentials.
One of the major objectives of formation of saarc forum was to accelerate the process of economic and social development in member states. It is not considered as a successful organisation due to the authoritative role of. Saarc or south asian association for regional cooperation was formed in december, 1985 at dhaka. The south asian free trade area safta agreement came into force from july 1, 2006. South asian association for regional cooperation saarc 7th faooie regional steering committee meeting on gftads for asia and the pacific back to back with 4th meeting of the hped steering committee 1618 july 20. In 1995 a decade after the formation of saarc, the south asian free preferential trading agreement s apta wa s launched at the end of year. Ppt saarc powerpoint presentation free to download. The objectives of the saarc to promote the welfare of the people of south asia and to improve their quality of life. The leaders of saarc expressed their strong commitment to realize poverty free south asia ever since the first saarc summit.
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