April 04, 2017 @ 01:15 PM

SAARC

The South Asian Association for Regional Cooperation (SAARC) was established on 8, December, 1985 by seven countries of Asia. It is dedicated to economic, technological, social, and cultural development emphasizing collective self-reliance. The concept of SAARC was first adopted by Bangladesh during 1977, under the administration of President Ziaur Rahman.

SAARC is an economic organization of eight countries of southern Asia. Its seven founding members  are India, Bangladesh, Bhutan,  Maldives, Nepal, Pakistan, and Sri Lanka. In April, 2007, Afghanistan has become its 8th member. SAARC is an initiative towards determination of the people of South Asia to work together towards finding solutions to the common problems by forming a base of mutual respect, equity and share benefits.

SAARC headquarter located in Kathmandu, Nepal. The main purpose of association is to increase the progress of economic and social development in member countries through joint action in the agreed areas of corporation. SAARC 11 stated areas of corporations are: agriculture, rural development, transportation -telecommunications, meteorology, health - population control, postal services, science -technology, culture - sports, women in development, drug trafficking- abuse, and terrorism.

The objectives of the SAARC association are as follows:

  • To promote the welfare of the people of south Asia and to improve their quality of life ,
  • To accelerate economic growth, social progress and cultural development in the region and to provide all individuals the opportunity to live in dignity and to realize their full potential
  • To promote  and strengthen collective self-reliance among the countries of south Asia
  • To contribute to mutual trust, understanding and appreciation of one  another’s problems
  • To promote active collaboration and mutual assistance in the economic, social, cultural, technical and scientific fields
  • To strengthen  cooperation with other developing  countries
  • To strengthen cooperation among themselves in international forums on matter of  common matters
  • To cooperate with international and regional organizations with similar aims and purposes.

India is an important member of the SAARC group. Being the dominant member of the bloc, India can't just remain as a member of SAARC association; rather it should look for more avenues to ensure that it creates greater opportunities for its export-import community to carry out trade.

India plays an important role to take initiative steps to ensure that the other nations come forward and go beyond the rhetoric ground to put up more efforts to make association more meaningful and successful.

SAARC was formed to integrate regional economies to increase trade and improve living standards. The South Asia Free Trade Agreement (SAFTA) was designed in 2004, with a motive to enhance the intra regional trade and economic cooperation in south Asia. Under this agreement, SAARC members will reduce their customs tariffs to 20 per cent and they pledged to allow trade in more goods to ensure trade and investment flows, integration of infrastructure and to encourage people to people contacts.

Under SAFTA agreement, nations not only benefitted from their free-trade pact but also get positive outcome from an agreed decision to slash the number of the items on the sensitive list of commodities that are banned from trading. With the free trade arrangement, a fresh strength has been injected into this regional body.

SAFTA is still at its budding stage as its only 5percent of trade volume which is very less as compare to Intra-European Union Commerce that comprises about 55 percent of trade volume.  It stills a long way to go and India has to show them the way. Regional trade assumes greater importance for a country like India which is one of South Asia’s biggest economies, in both population and economy wise.  For India, it has proved as a good platform where efforts are made to increase its trade with its neighboring countries, especially with   Pakistan under SAFTA agreement.

On regular bases association SAARC has conducted meetings of heads of state which are usually scheduled annually; meetings of foreign secretaries that are scheduled twice a year.  This year Maldives will host its 17th summit, to be held on 10-11 November at Addu Atoll.  17th summit theme is “Building Bridges”, will be focused on both terms of physical connectivity and figurative political dialogues. 

For such topics of Basic understanding on the subject matter which may be useful for MBA admissions and for Essay writing / GD & PI sessions, please keep on visiting www.mbarendezvous.com, Portal with Management by objective approach.  

Crucial Dates, You Should not Miss

TAPMI, Manipal
Admission Application closes on January 16, 2018 for 2018-20
BIMTECH, Greater Noida
Admissions open for PGDM Programmes at BIMTECH. Apply Now !
Lal Bahadur Shastri Institute of Management
Admissions are Open at LBSIM, Delhi. Apply Now !
FORE School of Management
Apply for PGDM & PGDM-IB Programmes. Application Deadline is December 22, 2017.
Goa Institute of Management
PGDM Admissions Open at GIM. Apply Before January 5, 2018
NIRMA
Last Date to Apply for MBA (Full Time) Programme at NIRMA is January 09, 2018
XAT 2018
Application Last Date 30th November 2017
IMI New Delhi
Application closes 4th December 2017
XIM Bhubaneshwar
Last Date 8th December 2017
SIBM Bengaluru
Apply for SNAP 2017 to be held on Dec 17 and apply for SIBM-Bengaluru through the SNAP Form
Institute of Rural Management Anand
IRMASAT will be conducted on February 4,2018, Apply Before December 31,2017
IBSAT 2017
Last date for IBSAT registration is December 12 , 2017
SSBF
Last date to register for SNAP is 24th November, 2017. Last date for SSBF is 2nd January 2018
SIBM Hyderabad
Apply for SNAP 2017 to be held on Dec 17 and apply for SIBM-Hyderabad through the SNAP Form
K J Somaiya Institute of Management Studies & Research, Mumbai
Last date for Application is 31st Jan, 2018
SDMIMD Mysore
Application for PGDM 2018-20 at SDMIMD is open till February 28, 2018
Institute of Management Technology
Application closes on November 24, 2017
MDI Murshidabad
Application for PGPM 2018-20 at MDI Murshidabad is open till November 24, 2017

Admission Open Now

Following Colleges are accepting applications.

INTERNATIONAL MANAGEMENT INSTITUTE

Admissions open for 2018-20

PGDM, PGDM (HRM), PGDM(B & FS), Executive PGDM

Apply Online