5. SAARC is an eco-political organization of 8 South Asian
nations, which was established on 8 December 1985 for
friendship and cooperation among themselves and with other
developing countries.
Covering a population of more than 2 billion, SAARC is the
largest regional organization in the world.
6. 1. Afghanistan ( joined the organization
in 2007)
2. Bangladesh
3. Bhutan
4. India
5. Maldives
6. Nepal
7. Pakistan
8. Sri Lanka
7. 1. Central Location of Asia.
2. Common features of Indian Subcontinent.
3. All Countries gained independence after second
world war.
4. All countries have some cultural background &
History.
5. All countries from part of the third world.
6. The region is poor & over populated.
7. Predominance of agriculture.
8. Dependence of the economy on southwest
monsoon.
10. Agriculture & Biotechnology
Trade & Finance
Education
Information , Communication & Media
Science & Technology
Energy & Environment
Tourism & Social Development
Culture
People-to-People Contacts
11. The acceleration of economic growth is a Charter objective of
SAARC. Corporation in core areas of trade and finance b/w the
SAARC members in 1991.
The following important processes of SAARC are
promoting cooperation in the field of Trade,
Economy and Finance
Customs Cooperation
South Asian Free Trade Area (SAFTA) (Custom Duties down to
20%)
SAARC Preferential Trading Arrangement (SAPTA)
12. Agreement for establishment of SAARC Arbitration Council
Final Agreement on Avoidance of Double Taxation
Final Agreement on Customs Matters
CHARTER OF SDF 31 July 2008
Agreement on establishing the SAARC food bank
Agreement on south Asian Free Trade Area (SAFTA)
Agreement on the Establishment of South Asian Regional
Standards Organization (SARSO)
Agreement on Avoidance of Double Taxation
14. SAPTA(SAARC preferential trading arrangement)was
signed on 7 December, 1995
SAFTA(South Asian Free Trade Area) was signed in
Islamabad in January 2004
SAARC chamber of commerce and industry (SCCI)
SAARC constitutes South Asian Development
Fund(SADF)
Signed an agreement of mutual assistance.
Avoidance of double taxation were signed.
15. BIMSTEC- Bay of Bengal Initiative for Multi-Sectoral
Technical and Economic Cooperation includes 7
Countries
16. Roles and Functions of
Lead Country
The Chair Country will chair and coordinate the
work of the Expert Group, and perform
secretarial functions if the Expert Group in such
a way as to ensure the satisfactory and
successful implementation of the projects and to
monitor the progress of the work.
The Expert Group will coordinate, monitor and
review progress in projects being implemented
and will report on the same to the Committee.
18. Led by Bangladesh
To increase economic cooperation among member
countries
To contribute to expansion of trade and investment
flows in the region
divided into two categories (Goods and Services ,
Trade and Service facilitation )
19. Led by Srilanka
BIMSTEC Agreed Statement on Cooperation in
Technology Sector was reached at the 1st Meeting
2nd Meeting discussed the agro-based technology
and ICT as appeared in the “Colombo Joint
Declaration”
20. Led by Myanmar
Development of New and Renewable Sources
Small Hydro Project
Rice Husk Co-generation
Standard and Testing
21. Led by India
Transportation and Cross-border Facilitation
Multimodal Transport and Logistics
Infrastructure Development
Aviation, Maritime Transport, HRD, as well as
Communication Linkages and Networking.
23. BD Major Imports in BIMSTEC
India
Bhutan major imports from INDIA
Bhutan major exports to BD and IND
Myanmar major Imports from Thailand
Myanmar major exports to IND and
Thailand
Nepal major imports from INDIA
Nepal major exports to INDIA
Sri Lanka major imports from INDIA
Sri Lanka major exports to INDIA
Trade top 5 routes Agriculture and Fisheries
24. Region‐wide focus
useful measures to draw up regional initiatives
Poverty Alleviation Centre would be set up in Bang
ladesh
key role in carrying out research
guidance and policy for member countries
Poverty Plan of Action
