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Overview of SAARC and Its Objectives

The South Asian Association for Regional Cooperation (SAARC) was established on December 8, 1985, with the aim of promoting economic, social, and cultural cooperation among its member nations. Key objectives include enhancing mutual trust, accelerating economic growth, and encouraging collaboration in various sectors. Despite its establishment and several agreements like SAFTA and SAPTA, SAARC faces challenges such as political conflicts, economic disparities, and the rise of competing regional blocs.

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0% found this document useful (0 votes)
19 views4 pages

Overview of SAARC and Its Objectives

The South Asian Association for Regional Cooperation (SAARC) was established on December 8, 1985, with the aim of promoting economic, social, and cultural cooperation among its member nations. Key objectives include enhancing mutual trust, accelerating economic growth, and encouraging collaboration in various sectors. Despite its establishment and several agreements like SAFTA and SAPTA, SAARC faces challenges such as political conflicts, economic disparities, and the rise of competing regional blocs.

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gpaadesh99
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○​

🔹 Introduction to SAARC
○​
○​ Full Name: South Asian Association for Regional Cooperation (SAARC)
○​ Established: December 8, 1985
○​ Headquarters: Kathmandu, Nepal (since 1987)
○​ Objective: To promote economic, social, and cultural cooperation in South Asia.
○​

🔹 Objectives of SAARC (As per 1985 Charter)


○​ Promote welfare & quality of life of South Asians.
○​ Accelerate economic growth, social progress, and cultural development.
○​ Enhance mutual trust and understanding among member nations.
○​ Strengthen collective self-reliance among South Asian countries.
○​ Encourage collaboration in trade, technology, culture, education, and security.
○​

SAARC Headquarters and Specialized Regional Centers

○​ 1️⃣ SAARC Secretariat 🏛Established: 1987


○​ Location: Kathmandu, Nepal
○​
○​ 2️⃣ SAARC Development Fund (SDF) 💰Established: 2008
○​ Location: Thimphu, Bhutan
○​
○​ 3️⃣ South Asian University (SAU) 🎓Established: 2010
○​ Location: New Delhi, India
○​
○​ 4️⃣ SAARC Agriculture Centre 🌾
○​ Established: 1988
○​ Location: Dhaka, Bangladesh
○​
○​ 5️⃣ SAARC Disaster Management Centre (SDMC) 🌍Established: 2006
○​ Location: Gujarat, India
○​
○​ 6️⃣ SAARC Cultural Centre 🎭Established: 2009
○​ Location: Colombo, Sri Lanka
○​
○​ 7️⃣ SAARC Tuberculosis Centre 🏥Established: 1992
○​ Location: Bhaktapur, Nepal
○​
○​ 8️⃣ SAARC Arbitration Council (SARCO) ⚖️Established: 2010
○​ Location: Islamabad, Pakistan
○​

Important SAARC Summits & Key Outcomes

○​ 1️⃣ 1st SAARC Summit (1985) 🌍Year: 1985


○​ Host City: Dhaka, Bangladesh
○​ Key Outcome: SAARC was officially established.
○​
○​ 2️⃣ 8th SAARC Summit (1995) 🤝
○​ Year: 1995
○​ Host City: New Delhi, India
○​ Key Outcome: SAARC Preferential Trading Arrangement (SAPTA) adopted.
○​
○​ 3️⃣ 12th SAARC Summit (2004) 📜
○​ Year: 2004
○​ Host City: Islamabad, Pakistan
○​ Key Outcome: SAFTA (South Asian Free Trade Area) Agreement signed.
○​
○​ 4️⃣ 14th SAARC Summit (2007) 🌏
○​ Year: 2007
○​ Host City: New Delhi, India
○​ Key Outcome: Afghanistan joined SAARC, making it the 8th member.
○​
○​ 5️⃣ 18th SAARC Summit (2014) 🚆
○​ Year: 2014
○​ Host City: Kathmandu, Nepal
○​ Key Outcome: Focus on regional connectivity & cooperation.
○​
○​ 6️⃣ 19th SAARC Summit (2016 - Cancelled) ❌
○​ Year: Planned for 2016
○​ Host City: Islamabad, Pakistan
○​ Key Outcome: Cancelled due to India-Pakistan tensions.
○​ 📌 Last Successfully Held Summit: 18th Summit (2014, Nepal)
○​ 📌 Next Summit Status: Postponed indefinitely due to political conflicts
○​

Key Economic & Trade Agreements of SAARC

○​ 1️⃣ SAARC Preferential Trading Arrangement (SAPTA) 🛒


○​ Year: 1995
○​ Purpose: Reduce trade barriers among SAARC member nations.
○​
○​ 2️⃣ South Asian Free Trade Area (SAFTA) 📉Year: 2006
○​ Purpose: Implement zero customs duty on regional trade to enhance economic
integration.
○​
○​
○​ 3️⃣ SAARC Development Fund (SDF) 💰
○​ Year: 2008
○​ Purpose: Provide funding for economic and social projects in South Asia.
○​
○​ 4️⃣ SAARC Food Bank 🍚Year: 2007
○​ Purpose: Ensure food security in South Asian countries by maintaining emergency
food reserves.
○​
○​ 5️⃣ SAARC Visa Exemption Scheme 🛂
○​ Year: 1992
○​ Purpose: Allow visa-free travel for certain categories of officials, business leaders,
and dignitaries.
○​
○​ 6️⃣ SAARC Energy Ring ⚡️Year: 2004
○​ Purpose: Develop regional energy cooperation and establish a South Asian power
grid

SAARC Arbitration and Dispute Resolution Mechanisms

○​ 1️⃣ SAARC Arbitration Council (SARCO) ⚖️Established: 2010


○​ Purpose: Resolves trade and commercial disputes among SAARC member nations.
○​
○​ 2️⃣ SAFTA Dispute Settlement Mechanism 📜Established: 2006
○​ Purpose: Ensures fair trade practices under the South Asian Free Trade Area
(SAFTA) agreement.
○​
○​ 3️⃣ Bilateral Negotiations Within SAARC 🤝Established: Ongoing
○​ Purpose: Used for political conflict resolution between SAARC member states
through diplomatic
○​

🔹 Challenges Faced by SAARC


○​ Political Conflicts – Especially India-Pakistan tensions.
○​ Economic Disparities – Unequal economic power distribution.
○​ Failure to Implement Agreements – Many remain unfulfilled.
○​ Rise of BIMSTEC – Another regional bloc gaining importance.
○​
○​ SAARC Member Countries & Their Year of Joining
○​ 📌 Founder Members (1985):
○​ 🔹 Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka.
○​
○​ 📌 New Member:
○​ 🔹 Afghanistan (Joined in 2007)..

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