The South Asian Association for Regional Cooperation (SAARC) is an organization comprised of eight South Asian countries: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. Founded in 1985, SAARC aims to promote regional cooperation and economic integration among its member states.
SAARC functions primarily as a platform for dialogue and collaboration on issues of mutual concern, including regional peace and security, socio-economic development, poverty alleviation, and cultural exchanges. The organization facilitates regular summits to bring leaders of member nations together and discuss key regional challenges, fostering a sense of shared responsibility and cooperation.
From an economic perspective, SAARC aims to enhance trade and investment opportunities among member states by reducing trade barriers and promoting closer economic cooperation. The organization has established various frameworks to promote the growth of intraregional trade and infrastructure development, including the South Asian Free Trade Area (SAFTA) and the South Asia Subregional Economic Cooperation (SASEC) program.
Culturally, SAARC provides a platform for member nations to share their rich heritage, traditions, and diverse cultural practices. It organizes festivals, exhibitions, and cultural exchanges to foster a greater understanding and appreciation of the cultural diversity present in the region.
Overall, SAARC serves as a significant regional organization that promotes collaboration, peace, stability, and economic growth among its member countries in South Asia.
