South Asian Association for Regional Cooperation

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Related to SAARC: ASEAN, BIMSTEC

South Asian Association for Regional Cooperation

Also called SAARC. An international organization dedicated to mutual assistance and economic cooperation among nations in South Asia. Heads of state of member nations meet once a year and foreign secretaries twice a year. It was established in 1985 and maintains its headquarters in Kathmandu.
References in periodicals archive ?
LCCI Senior Vice President Almas Hyder said, We have to bring an emphatic change in the bilateral trade among the SAARC member countries as being done in the European Union.
They congratulated the political leaders of South Asia for showing more commitment towards implementation of SAFTA, which would help expand economic cooperation and achieving objectives envisioned by SAARC.
Indian companies will also be urged to invest regionally and local businesses in SAARC countries to source capital from the sub- continent.
On the sidelines of the event the Prime Minister will meet other leaders of SAARC countries to discuss issues of bilateral and regional interest.
The minister for Tourism in India, Subodh Kant Sahai, said, 'We must motivate each SAARC country in such a way that tourism becomes the focus of economic and political agenda.
The tour operators and scholars from the SAARC region will be invited to participate in this conclave", he added.
A state-of-art headquarters building of SAARC CCI will soon be initiated, which will help improve institutional capacity-building of SAARC CCI, much needed for promotion of regional economic cooperation," said the Chairman, SAARC CCI Headquarters Building Trust, Tariq Sayeed, and added that constriction of SAARC CCI Headquarters will be commenced soon.
The minister said that it was agreed that the SAARC platform would be strengthened and coordination among member states would be enhanced.
Arrangements have been made to keep SAARC representatives in a special building named as per the names of their respective countries in the SAARC village.
For this purpose, the SAARC platform would be used for the exchange of information and plans followed by each country to bring about necessary reforms in the corporate sector.
Comprising Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka, SAARC was formed in 1985 to promote regional cooperation and economic development in South Asia.
The 1St SAARC ENT congress was held in Dhaka, Bangladesh, in 1998.