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SOUTH ASIAN ASSOCIATION FOR REGIONAL CO-OPERATION (SAARC)

By: Astha  ,   16 May 2014
 



SAARC-

Pakistan, Bangladesh, India, Maldives, Sri Lanka, Bhutan and Nepal constituted an organisation known as SAARC. It was founded on the recommendations of Dhaka Conference on 7-8 December 1985. Its headquarters has been established at Kathmandu. A conference of SAARC is held between the heads of the country every year. The mutual misunderstanding among member nations has created a big question mark in achieving its objectives. 

South Asian Preferential Trade Arrangement (SAPTA): Sri Lanka was the first country to propose SAPTA in Sixth SAARC Conference held in December 1991. This proposal was accepted and it was decided to start SAPTA by the end of 1997. 

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