Page 83 - LECTURETTE TOPICS eBOOK

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substantial rise was witnessed in imports and exports after the implementation of
SAFTA. The last SAARC summit was organized in 2011 and the next summit is
expected to be held in 2018.

Quick facts about SAARC

• The primary duty and responsibility of the council of ministers in SAARC is to
review the progress, take decisions on new fields of cooperation, formulation
of new policies and other general matters.
• In the SAARC summit, the head of states and governments form a body of
leaders, choose a vice chairman and chairman who conduct the meeting.
• Reports and proposals are made during the meeting and at the end of the
meeting, the decisions are based on the agreement.
• The observer countries of SAARC are Australia, China, European Union, Iran,
Japan, Mauritius, Burma, South Korea and United States.
• The official language of SAARC meetings and association is English.

Conclusion: SARRC is an association and regional cooperation proposed with
the aim of improving the relations between all the members countries. SARRC
provides the member countries a platform to work together with peace,
understanding and honesty while helping each other. This is an association
where the member countries can solve their mutual disputes and address the
arguments to find productive solutions. Various schemes like South Asian Free
Trade Area and SAARC visa exemption had benefited the member countries
while easing trade and travel between the member countries.

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