Chapter

Regional Integration Efforts and Outcomes

Rupa Chanda

in Integrating Services in South Asia

Published in print October 2011 | ISBN: 9780198069959
Published online September 2012 | e-ISBN: 9780199080021 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198069959.003.0001
Regional Integration Efforts and Outcomes

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Over the past 20 years, regional and bilateral trading agreements have become popular due to the slow progress of multilateral negotiations and competitive pressures amongst countries to enter into such arrangements for fear of being left out. However, the economies of South Asia have been relatively slow to recognize the importance of regional integration in furthering their investment, trade, and larger development goals. This chapter provides a chronology of regional integration efforts in South Asia and outcomes, discusses progress in services negotiation, and compares the South Asian Free Trade Agreement (SAFTA) relative to other regional alliances, particularly within Asia. The discussion provides a brief history of regional integration efforts in South Asia in terms of the progression from the South Asian Association for Regional Cooperation (SAARC) to SAFTA and the contentious issues that have characterized this process.

Keywords: South Asian Association for Regional Cooperation; SAARC; South Asia; South Asian Free Trade Agreement; SAFTA; regional integration; trade; investment; services

Chapter.  5842 words. 

Subjects: Business and Management

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