Question

Discuss the role of various regional trade blocks in boosting up multilateral trade among the nations of indian subcontinent

Answer 1

$\huge{\mathfrak{\red{Answer}}}$

Answer 2

Answer:

Explanation:

• The Act known as regional trade pacts can seriously produce an ill effect on global trade prospects of the countries of the world who are not members of any major trade blocs.
• At present all large trading nations of the world except India belonging to some block.
• India does not have membership restricted to the ASSRC, South Asian Association for Regional Cooperation.
• However, SAARC nations are not only economically weaker but also face political problems which hamper further development of trade and overall progress.