Is there hope for SAARC? Experts say yes
Sisir Pradhan | The Dollar Business Once the most open and freely journeyed region, South Asia’s borders today are barriers to trade, says Prof. V. Balakista Reddy, Coordinator, M.K. Nambyar SAARC Law Centre Almost all the eight members of the South Asian Association for Regional Cooperation (SAARC) share a common heritage, history and geography. They also used to have in place a strong trade base centuries ago, but things have changed. Today, SAARC is perhaps the weakest block in the world both politically and economically. Constant disputes between India and Pakistan overshadow everything, including prosperity and growth of the region. Take a look at the figures. Intra-regional trade in SAARC, which stands at around $314 billion is much lower compared to ...
