A Study of India’s Foreign Trade with SAARC Nations
Dr. Yogesh A. Patil
Assit. Prof. &Research Guide
Department of Economics
R. B. Attal College, Georai, Dist. Beed
Abstract:
SAARC stands for South Asian Association for Regional Cooperation and is an intergovernmental organization for the development of economic and regional integration. The organization has the support of different countries known as member-states. Cooperation in SAARC is based on respect for the five principles of sovereign equality, territorial integrity, political independence, non-interference in internal affairs of the Member States and mutual benefit. Regional cooperation is seen as a complement to the bilateral and multilateral relations of SAARC Member States. SAARC Summits are held annually and the country hosting the Summit holds the Chair of the Association. Decisions are made on an unanimity basis while bilateral and contentious issues are excluded from the deliberations of SAARC. In addition to the eight Member States, nine Observer States join SAARC Summits: China, the US, Myanmar, Iran, Japan, South Korea, Australia, Mauritius and the European Union.
Keyword= SAARC, growth, foreign trade, balance of payment, import, export
DOI link – https://doi.org/10.69758/GIMRJ/2601S02V14P002
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