Write a short note on the role and the limitations of SAARC as a forum for facilitating economic cooperation among the South Asian countries.

Question

Philoid · Accepted Answer

Role of SAARC can be identified as follows:

1. South Asian Association of Regional Cooperation (SAARC) is a regional initiative among south Asian states to evolve cooperation since 1985

2. SAARC has initiated SAFTA(South Asian Free Trade Agreement) to free trade zones for whole South Asia

3. SAARC has projected on economic development of its member states to reduce their dependencies on non regional powers

Limitations:

1. Some of the Indian Neighbours thinks that the association is dominated by India

2. SAARC nations are either developing or least developed nations and thus creates insufficiency of funds