South Asian Association for Regional Cooperation
South Asian Association for Regional Cooperation: SAARC. It was established on 8 December 1985. Members are Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. Among the objectives of SAARC are accelerated economic growth in the region and active collaboration in the economic field. As part of this, members signed in 1993 the framework agreement on SAPTA (SAARC Preferential Trading Arrangement) which is intended to lead to the formation of a South Asian Free Trade Area. The Association's secretariat is located at Dhaka.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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