South Asian Association for Regional Cooperation - SAARC. Across Global Business.

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With Countries in South Asian Association for Regional Cooperation - SAARC

The South Asian Association for Regional Cooperation, or SAARC, proposed by Ziaur Rahman, the then-president of Bangladesh, was established on December 8, 1985. SAARC is an association of eight countries of South Asia: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka, and most recently admitted, Afghanistan. These countries comprise an area of 5,127,500 km² and a fifth of the world's population.

SAARC encourages cooperation in agriculture, rural development, science and technology, culture, health, population control, narcotics control and anti-terrorism. SAARC has intentionally stressed these "core issues" and avoided more divisive political issues, above all the Kashmir dispute which bitterly divides the two largest member states, India and Pakistan. However, political dialogue is often conducted on the margins of SAARC meetings.

In 1993, SAARC countries signed an agreement to gradually lower tariffs within the region. Nine years later, at the 12th SAARC summit at Islamabad, SAARC countries devised the South Asia Free Trade Agreement which created a framework for the establishment of a free trade zone covering 1.4 billion people. This agreement went into force on January 1, 2006.

Member states

Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka, and most recently admitted, Afghanistan

Observer nations

China (PRC) Japan

By the Courtesy of Wikipedia