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Etymologies
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Examples
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Like Asean, Saarc was meant to spark cross-border trade and investment that would raise living standards in one of the poorest regions of the world and help bridge the political chasms created by India's 1947 partition.
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India's Prime Minister, Manmohan Singh, and Pakistan's Yousef Raza Gilani took a walk together and agreed to get bilateral talks back on track, which also bodes well for Saarc.
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If Indian companies have been able to successfully adapt to meet the competition from China, then competition from Saarc would pose no threat.
An Economic Spark for Saarc Barun S. Mitra 2010
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If Saarc has any hope of achieving its mission, India and Pakistan must set aside politics in favor of the economics.
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If Saarc doesn't formalize these flows by allowing trade, they'll happen in a more inefficient fashion in the underground economy.
An Economic Spark for Saarc Barun S. Mitra 2010
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In contrast with Asean, where internal trade averages 25%, intra-Saarc trade is, at $687 million annually, less than 3% of the members 'total trade.
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According to a World Bank estimate, intraregional trade within Saarc could rise to more than $20 billion annually, from $5 billion today, if the gamut of trade barriers were removed.
An Economic Spark for Saarc Barun S. Mitra 2010
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Saarc has been in political deep freeze ever since.
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(In Saarc-speak, that's the equivalent of a dressing down.)
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But Saarc soon became a victim of political infighting and mutual mistrust.
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