At the summit, the members also discussed implementation strategies of the SAARC development fund, a SAARC food bank and the South Asia University. It came into effect on December 8, 1985. Most of the countries produce similar products which have made intraregional trade stagnate. By Benjamin Elisha Sawe on June 19 2018 in World Facts. Saarc or South Asian Association for Regional Cooperation, on the other hand, has 8 member countries Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka. The countries mainly produce agricultural goods which not only reduce the potential for trade but also increase competition for markets. Of all the SMSs, only India has significant oil production, which still falls significantly short of domestic demand. Dezember 1985 in Dhaka (Bangladesch) gegründet und hat ihren Sitz in der nepalesischen Hauptstadt Kathmandu. Insufficient infrastructure has made transporting goods in the region a huge challenge hindering trade. The seven member states of SAARC (South Asian Association for Regional Cooperation), Bangladesh, India, Pakistan, Nepal, Bhutan, Sri Lanka and Maldives, collectively have a population of 1.5 billion, approximately 22 per cent of the world’s population. Felicitates governments, citizens of member states on Charter Day. Here, common problems can be shared and solved with collective efforts. The South Asian Association for Regional Cooperation (SAARC) was established with the signing of the SAARC Charter in Dhaka on 8 December 1985. SAARC Chamber of Commerce and Industry Established in 1985, SAARC had hitherto avoided including core economic issues in its programme, but in the wake of the desire for a SAARC Chamber of Commerce and Industry, the SAARC Secretariat commissioned a study on Trade, Manufactures and Services in 1988. SAARC stands for South Asian Association for Regional Cooperation; Saarc member countries are Afghanistan Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. Both serve their purpose in the areas identified. Preferential Trade Agreement (PTA) Export to Afghanistan Export to Bangladesh Export to Bhutan Export to Sri Lanka Export to … SAARC had proposed South Asia free trade agreement (SAFTA), for boosting intra regional trade but that is still on paper and is not functional. Felicitates governments, citizens of member states … Die Südasiatische Vereinigung für regionale Kooperation (auch Südasiatische Wirtschaftsgemeinschaft) (von englisch South Asian Association for Regional Cooperation) (SAARC) wurde am 8. The Independent South Asian Commission for Poverty Alleviation (ISACPA) developed a comprehensive set of twenty two SAARC Development Goals (SDGs), under four clusters in 2006: As directed by the Leaders, SAARC is making sustained progress to mainstream SDGs in the national process and develop and implement regional and sub-regional projects towards the attainment of SAARC Development Goals. But, SAARC has to be changed and made eight because its members have reached eight including Afghanistan. Afghanistan joined the organization in 2007. It is headquartered in Kathmandu, Nepal. Gründungsmitglieder sind Indien, Pakistan, Bangladesch, Nepal, Sri Lanka, Bhutan und die Malediven. The study was completed in 1991 and strongly supported to establish a SAARC … Barriers to trade such as high tariffs are also a major challenge to the organization's objectives. Bangladesh. The Fourteenth Summit, held on 3 — 4 April, welcomed the Islamic Republic of Afghanistan as a full fledged member of SAARC. Meeting deliberated on Administrative, Financial, Legal and Policy matters for the year 2020. On the front of Science and Technology, India launched the SAARC satellite but the other member states were not much interested in a technological cooperation with India. Myanmar and China have expressed interest in joining the organization. While other SAARC member countries such as Sri Lanka, Bangladesh, Afghanistan, Nepal, Bhutan and Maldives supported India’s move at that time, eventually, Colombo, Dhaka and Kathmandu stepped up the pressure on New Delhi to let the SAARC process move. According to World Bank, intraregional trade has the potential to grow by more than 200% as the bloc has about 21% of the total world population. Founded during a summit in 1985, SAARC’s initial members include Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. In achieving its objectives, the organization faces a myriad of challenges especially when it comes to trade. The membership of the regional bloc is comprised of Nepal, Pakistan, India, the Maldives, Sri Lanka, Afghanistan, Bhutan, and Bangladesh. Meetings of heads of state are usually scheduled annually; meetings of foreign secretaries, twice annually. Among those observers … In April 2007, at the SAARC’s 14th summit , Afghanistan became its eighth member. Regional Centres established in Member Countries are the supporting pillars to the secretariat for promoting regional cooperation. The countries cooperate on security matters to achieve peace, which has been so elusive in the region. Another major challenge is the inadequate infrastructure linking the countries. The initial objective was to create a trading bloc that would foster harmony among the South Asian people. SAARC is one of the few (if only) regional organizations in the world that has more observers than it does member states. In this article, we will break down the SAARC and list out the member countries, its objectives and functions. P.O Box No. The 10th Governing Board Meeting of SARCO was held on 30 – 31 October 2019 in Lahore, Pakistan. The purpose of all SAARC Organization member is cultural, economic,technical, social development. SAARC CCI’s proactive approach focuses on helping you increase efficiency and competitiveness. SAARC Member Countries The South Asian Association for Regional Cooperation (SAARC) was established on December 8, 1985 to organize and unite the governments of of its seven original members: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka to promote mutual progress and development. The organization also gives out awards to individuals and organizations who undertake activities that benefit the organization. All maps, graphics, flags, photos and original descriptions © 2021 worldatlas.com. The last summit meeting of SAARC government saarc member countries India sees second highest usage of Cisco’s virtual meeting app Webex after US Sameer Garde, president, Cisco, India and SAARC, told ET in an interview that more than 4 million trial licences were issued during the past six months across the country and average monthly usage had increased from nearly 1000 users a month before March to 900,000 users a month currently. The logo of SAARC signifies that the member countries are seven. Due to rapid expansion within the region, Afghanistan received full-member status and countries are considered observers. Die Volksrepublik Chi… Headquarter of SAARC in in Kathmandu, Nepal. In 1992, the organization established a visa exemption scheme allowing various categories of people including journalists and parliamentarians to travel within the region without the need of a visa. 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