South Asia Free Trade Agreement (SAFTA) :
Mal, Sagar
South Asia Free Trade Agreement (SAFTA) : problems and prospects / Sagar Mal - New Delhi : ICSSR, 2016 - xviii, 228p. ;
Include bibliographical references.
The formation of regional groups like the European Economic Community (EEC), Association of South East Asian Nations (ASEAN), and Gulf Cooperation Council (GCC) was felt as a necessity within the framework of the United Nations. These regional groups were formed to address the common interests of countries in a particular geographical region and to make a single strategy for political, economic, social, and trade relations. However, the establishment of the South Asia Association for Regional Cooperation (SAARC) took a long time due to continued tense relations among member countries.
The idea for SAARC was initiated by the President of Bangladesh in 1980, and formal discussions began with the first meeting of foreign secretaries of seven countries in 1981. However, the approach of participating nations was cautious, and no one was in a hurry to see the early evolution of an institutional framework for regional cooperation. Major countries adopted a cautious approach due to past intense relations among most of these nations. They agreed to take all decisions on the basis of unanimity, while bilateral and contentious issues needed to be excluded from deliberations. The purpose of SAARC was to create an atmosphere of mutual confidence and political understanding among the seven nations, with the intention to remove disparities and adopt a gradual approach to the development of regional cooperation.
English
Introduction to SAFTA--Problems faced by SAFTA--Objectives of SAFTA
Disputes and conflicts among SAFTA members--Unequal distribution of benefits among SAFTA members--Incomplete tariff liberalization and non-tariff barriers
Prospects of SAFTA--Steps needed to improve the functioning of SAFTA
RM.0405
South Asia Free Trade Agreement (SAFTA) : problems and prospects / Sagar Mal - New Delhi : ICSSR, 2016 - xviii, 228p. ;
Include bibliographical references.
The formation of regional groups like the European Economic Community (EEC), Association of South East Asian Nations (ASEAN), and Gulf Cooperation Council (GCC) was felt as a necessity within the framework of the United Nations. These regional groups were formed to address the common interests of countries in a particular geographical region and to make a single strategy for political, economic, social, and trade relations. However, the establishment of the South Asia Association for Regional Cooperation (SAARC) took a long time due to continued tense relations among member countries.
The idea for SAARC was initiated by the President of Bangladesh in 1980, and formal discussions began with the first meeting of foreign secretaries of seven countries in 1981. However, the approach of participating nations was cautious, and no one was in a hurry to see the early evolution of an institutional framework for regional cooperation. Major countries adopted a cautious approach due to past intense relations among most of these nations. They agreed to take all decisions on the basis of unanimity, while bilateral and contentious issues needed to be excluded from deliberations. The purpose of SAARC was to create an atmosphere of mutual confidence and political understanding among the seven nations, with the intention to remove disparities and adopt a gradual approach to the development of regional cooperation.
English
Introduction to SAFTA--Problems faced by SAFTA--Objectives of SAFTA
Disputes and conflicts among SAFTA members--Unequal distribution of benefits among SAFTA members--Incomplete tariff liberalization and non-tariff barriers
Prospects of SAFTA--Steps needed to improve the functioning of SAFTA
RM.0405