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SAARC

South Asia Association for Regional Cooperation


BIMSTEC leaders pledge to make a ‘peaceful, prosperous’ Bay region
Leaders of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation or BIMSTEC have promised to make a “peaceful and prosperous” Bay of Bengal region on the 22 years of inception of this grouping of seven countries.
SAARC has problems, BIMSTEC full of energy, says Jaishankar
Newly appointed external affairs minister S Jaishankar on Thursday rued the fact that South Asia is among the least inter-connected regions in the world, but efforts are being made to make the region more integrated. Referring to BIMSTEC, which connects South Asia with Southeast Asia, Jaishankar said that India has strong synergy with other BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) states.
India’s focus shift from SAARC to BIMSTEC is strategic, but underused
While India has tactfully used the platform to diplomatically isolate Pakistan, it must also tap into BIMSTEC’s immense potential for development, connectivity and trade in the region.
Time has once again come to wind up SAARC
Even as India and others boycott SAARC, they must accelerate economic integration. India should address the concerns of countries such as Bangladesh and Nepal while investing in regional connectivity.
Trade through SAFTA demanded
Eight finance ministers from South Asia pushed for the fast-track formation of the South Asian Economic Union (SAEU) to ensure larger investment inflows, higher trade volumes and energy generation.
SAFTA meet likely next month
The commerce ministers will discuss on enhancing intra-SAARC trade flows under SAFTA and vision for further trade liberalisation by reducing non-tariff and para-tariff barriers.
Modi’s Pak stopover ignites hope for trade talks
Trade dialogue between India and Pakistan — officially in the cold storage for almost three years — is set to be revived, now that Prime Minister Narendra Modi has broken the political ice with Islamabad with his Christmas visit to Lahore.
Sitharaman bats for early implementation of SAFTA
Commerce and industry minister Nirmala Sitharaman made a strong pitch for greater integration of the South Asian region, even as she underscored the need for speedy implementation of the South Asian Free Trade Agreement (Safta) agreement.
Private sectors of Sri Lanka, Pakistan urged to forge deeper links to boost trade
Pakistan and Sri Lanka are important partners not only in promoting bilateral trade and economic interactions but also enhancing regional economic integration through SAARC and SAFTA.
Second largest SAARC partner hungry for Lankan exports, FTA trade
Sri Lanka’s second largest trade partner in SAARC, Pakistan, is hungry for more Lankan exports in the coming year-while also closely looking at Sri Lanka’s sugar sector for entry.
‘Promotion of SAARC trade top priority’
Promotion of trade among SAARC countries is one of the top priorities of the government, said Federal Minister for Finance Senator Mohammad Ishaq Dar talking to Air Chief Marshal Jayalath Weerakkody High Commissioner of Sri Lanka.
Changing partners in commerce
The calls to boycott American goods and services in the wake of the recent resolution at the United Nations Commission on Human Rights (UNCHR) have highlighted the fact that Sri Lanka’s export trade is heavily dependent on a narrow slew of countries.
SAARC countries agree to reform trade, visa regime
The eight member states of the South Asian Association for Regional Cooperation vowed to reduce the size of their respective sensitive lists of non-tradable items and expressed satisfaction over signing of the Saarc Agreement on Trade in Services.
Saarc: PM may suggest economic integration
As Prime Minister Manmohan Singh heads for the Maldives next week to participate in the 17th Saarc summit, it is expected that he will be suggesting some mechanisms to promote a greater level of regional economic integration.
Modest agenda on Saarc table, 4 pacts to be signed
With many of its big ideas still await implementation, the eight-member South Association for Regional Cooperation (Saarc) countries seem to have gone for a modest agenda this time.
Now, a South Asia Forum to boost Saarc
The last summit of the South Asian Association for Regional Cooperation (Saarc), last month in Thimphu, had mandated creation of a South Asia Forum, consisting of diverse stakeholders from all member-countries to generate ideas to further links. This is now taking shape.
For harnessing South Asia’s trade potential
The South Asia Free Trade Agreement (SAFTA) has so far been long on promises but short on actions. It was envisaged to raise inter-regional trade in South Asia - which is one of the world’s least economically integrated regions - to $40 billion by 2015 from $11bn in 2007, shortly after it was agreed. But that now clearly remains a very tall promise.
Saarc Chamber’s report on investment
The SAARC Chamber of Commerce and Industry has urged the South Asian countries, particularly India and Pakistan to set aside political issues and introduce free trade policy to bring prosperity in the region.
SAARC Chamber vows to promote trade
All members of the SAARC Chamber of Commerce and Industry (SAARC CCI) unanimously resolved to promote trade and strengthen economic ties besides accelerating the developmental activities among member countries.
India urges Saarc states to ratify services trade deal
India on Tuesday urged all member-states to ratify the South Asian Association for Regional Cooperation (Saarc) Agreement on Trade in Services, terming it a "big step forward" for increasing trade within the region.