Question

What are the challenges that the SAARC Nation have to face in the future in the process of their economic development

Answer 1

The objectives of the SAARC as mentioned in the charter are as follows:

•           To promote the welfare of the peoples of South Asia and to improve their quality of live;

•           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 potentials;

•           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 interests; and

•           To co-operate with international and regional organizations with similar aims and purposes.