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SAARC:
The best way forward
In spite of proliferation of economic and
political groupings at continental and sub-continental levels in all
the continents of the world in the post-Second World War period,
only a handful could claim to have achieved considerable success in
terms of economic and/or political cooperation and integration.
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Focus on economic agenda
Tremendous opportunities of win-win cooperation
exist in South Asia, which are yet to be exploited. Nearly
three-fourths of intra-regional trade potential remains to be
exploited, thanks to tariff and non-tariff barriers, poor transport
infrastructure and connectivity, lack of trade facilitation and poor
banking links, among other barriers.
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Developing trade within SAARC
Countries in the SAARC region have some of the
best business and institutional practices for strengthening the
business environment. Certain practices including rules and
regulations largely create and facilitate business activities.
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SAARC: Each Summit a step forward
The leaders of SAARC countries meet annually
with fanfare despite the accusation that the organisation is less
effective compared with other regional entities like EU and ASEAN.
With a theme called “Partnership for our people,” the 15th Summit
will focus on terrorism, food security, energy and other issues.
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Urgent need to strengthen anti-terror measures
The forthcoming 15th SAARC Summit in Colombo,
Sri Lanka, is crucial not only because of the terrorist violence
that continues to pummel South Asia today, but also to decide on the
fate of the SAARC Regional Convention on Suppression of Terrorism
signed in 1987.
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