VX, No.2: 37-45, Hindustan Times, New Delhi, Saturday, 14 February 2015, South Asian Association for Regional Cooperation, "South Asian Association for Regional Cooperation", Learn how and when to remove this template message, Foreign exchange reserves (US$ million, 2020 or earlier), Foundation of SAARC Writers and Literature, a terrorist attack on an army camp in Uri, South Asia Subregional Economic Cooperation, http://nepalforeignaffairs.com/saarc-secretary-general-weerakoon-assumes-office/, "World Urbanization Prospects — Population Division — United Nations", "Report for Selected Countries and Subjects", "Rest in peace SAARC: The tug of war between India and Pakistan", "South Asian Free Trade Area Free Trade Agreement", "12th SAARC Summit Islamabad: History and Evolution of SAARC", "SAARC: Origin, Growth, Potential and Achievements". Approach. These bodies are managed by their respective Governing Boards composed of representatives from all the Member States, the representative of H.E. [26][28], States with observer status include[29] Australia,[30] China, the European Union, Iran, Japan,[31] Mauritius,[32] Myanmar, South Korea, and the United States.[33][34]. A. Currently, the list included 24 categories of entitled persons, which include dignitaries, judges of higher courts, parliamentarians, senior officials, entrepreneurs, journalists, and athletes. Its member states are Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka. The organization promotes development of economic and regional integration. The study by Asian Development Bank states that against the potential average SAARC intra-regional trade of $22 billion per year, the actual trade in South Asia has been only around $8 billion. The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia, abbreviated as ReCAAP or RECAAP, is a multilateral agreement between 16 countries in Asia, concluded in November 2004 and includes the RECAAP Information Sharing Centre (ISC), an initiative for facilitating the dissemination of piracy-related information. The 20 Contracting Parties of the ReCAAP:[3] The document would exempt them from visas within the region. These Centres are managed by Governing Boards comprising representatives from all the Member States, SAARC Secretary-General and the Ministry of Foreign/External Affairs of the Host Government. [62], The SAARC Literary Award is an annual award conferred by the Foundation of SAARC Writers and Literature (FOSWAL) since 2001[63][64] which is an apex SAARC body. The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of … Regional cooperation and integration (RCI) has become a valuable means for attaining national development goals. The Bangladesh–China–India–Myanmar Forum for Regional Cooperation (BCIM) is a sub-regional organisation of Asian nations aimed at greater integration of trade and investment between the four countries and the economic corridor has grown out of it. The Member States of the South Asian Association for Regional Cooperation (SAARC) observed the Thirty-sixth Charter Day of SAARC today. The award is notable because of the recognition it gives to the Award winner in the SAARC region. [9], However, after a series of diplomatic consultations headed by Bangladesh between South Asian U.N. representatives at the UN headquarters in New York, from September 1979 to 1980, it was agreed that Bangladesh would prepare the draft of a working paper for discussion among the foreign secretaries of South Asian countries. The renewed academic interest in regionalism, the emergence of new regional formations and international trade agreements like the North American Free Trade Agreement (NAFTA), and the development of a European Single Market demonstrate the upgraded importance of a region-by-region basis political co-cooperation and economic competitiveness. Eight states―Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. New areas of co-operation were added in the following years. Based on the detailed information of incidents collected, verified and collated, the ReCAAP ISC provides accurate statistics and analysis of the piracy and armed robbery situation in Asia by its periodical reports (weekly, monthly, quarterly, half-yearly and annual reports). The SAARC was founded in Dhaka on 8 December 1985. Regional organizations (ROs) are, in a sense, international organizations (IOs), as they incorporate international membership and encompass geopolitical entities that operationally transcend a single nation state.However, their membership is characterized by boundaries and demarcations characteristic to a defined and unique geography, such as continents, or geopolitics, such as economic blocs. The Tenth SAARC Summit (Colombo, 29–31 July 1998) decided to set up a Committee of Experts (COE) to draft a comprehensive treaty framework for creating a free trade area within the region, taking into consideration the asymmetries in development within the region and bearing in mind the need to fix realistic and achievable targets. The Visa Stickers are issued by the respective Member States to the entitled categories of that particular country. The intra-regional FDI flow stands at around four percent of the total foreign investment. The SAFTA Agreement was signed on 6 January 2004 during Twelfth SAARC Summit held in Islamabad, Pakistan. [68], ༄ ལྷོ ཨེསིཨ་ རེ་གིཨོནལ་ ཅོཨོཔེརཏིཨོན་ ཀོ་མི་ཏི།, د سویلي اسیا لپاره د سیمه ایزی همکارۍ ټولنه, தெற்காசிய நாடுகளின் பிராந்தியக் கூட்டமைப்பு, See for this aspect Michael, Arndt (2013). South Asia Association for Regional Cooperation,SAARC Overview. To date, 20 States (14 Asian countries, 4 European countries, Australia, the USA) have become Contracting Parties to ReCAAP. [40][41][42] Turkey applied for observer status membership of SAARC in 2012. Trade and finance. The centre also facilitates exchange of information and expertise for effective and efficient management of disaster risk. The SAARC intra-regional trade stands at just five percent on the share of intra-regional trade in overall trade in South Asia. After consultations, the foreign secretaries of the seven founding countries—Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka—met for the first time in Colombo in April 1981. [27], The SAARC member states imposed a stipulation for Afghanistan to hold a general election; the non-partisan elections were held in late 2005. Regional cooperation and integration in a changing world. [51][52], The 19th SAARC summit scheduled to be held in Pakistan was called off as India, Bangladesh, Bhutan and Afghanistan decided to boycott it due to a terrorist attack on an army camp in Uri. South Asian Association for Regional Cooperation (SAARC) was established on 8 December 1985 by seven countries, namely Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka as its original thmembers. The idea of co-operation among South Asian Countries was discussed in three conferences: the Asian Relations Conference held in New Delhi in April 1947; the Baguio Conference in the Philippines in May 1950; and the Colombo Powers Conference held in Sri Lanka in April 1954. The leaders at the Fourth Summit (Islamabad, 29–31 December 1988), realizing the importance of people-to-people contact among SAARC countries, decided that certain categories of dignitaries should be entitled to a Special Travel document. Regional Cooperation for Development Last updated January 13, 2020. In 1979, this organization was dissolved.
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