Abstract
“Economic Integration” in South Asia is necessary for
enhancing growth rates, trade volumes and improving living
standards. While other regional organizations such as the
European Union (EU), North American Free Trade Association
(NAFTA) and Association of South East Asian Nations
(ASEAN) have successfully attained this goal, the South Asian
Association of Regional countries (SAARC) despite its inception
over a quarter century ago is nowhere near achieving this goal.
Political tensions and certain procedural difficulties block the full
implementation of the South Asian Preferential Trade
Agreement (SAPTA) and the South Asian Free Trade
Agreement (SAFTA) which could have advanced economic
integration in the region. South Asian countries have a lot of
economic potential and possess the will to exploit it through
cooperation. This study analyses reasons for sluggish
performance of SAPTA and SAFTA and offers
recommendations for facilitating economic integration of the
SAARC community.
Muhammad Hanif. (2012) Regional Economic Integration In South Asia: Progress And Prospects, IPRI Journal, Volume-12, Issue-2.
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