INTERNATIONAL BUSINESS

ASSIGNMENT- 9
TOPIC - SAARC ( South Asian Association for Regional Cooperation )

ANNU
NICE School of Business Studies
Shobhit Institute of Engineering & Technology NAAC “A”
Accredited (Deemed-to-be-University), Meerut
MBA (2ND YEAR )
 Introduction
• SAARC is the eco-political organization of 8 South Asian Nations,
which was established on 8th December, 1985 for friendship and
cooperation among themselves and with the other developing countries.

• Covering a population of more than 2 billion, SAARC is the largest

regional organization in the world.
 Member Countries of SAARC
 Afghanistan ( Joined in April 2007 )
 Bangladesh ( Joined in 1985 )
 Bhutan (Joined in 1985 )
 India ( Joined in 1985 )
 Maldives ( Joined in 1985 )
 Nepal ( Joined in 1985 )
 Pakistan ( Joined in 1985 )
 Sri Lanka ( Joined in 1985 )
 Observer countries of SAARC
 Australia
 China
 European Union
 Iran
 Mauritius
 Myanmar
 South Korea
 United States
 SAARC Summits
1. First SAARC Summit :
Date : December 7-8, 1985
Location : Dhaka, Bangladesh
2. Second SAARC Summit :
Date : November 16-17, 1986
Location : Bangalore, India
3. Third SAARC Summit :
Date : November 2-4, 1987
Location : Kathmandu , Nepal
4. Fourth SAARC Summit :
Date : December 29-31, 1988
Location : Islamabad, Pakistan
5. Fifth SAARC Summit :
Date : November 21-23,1990
Location : Maldives
6. Sixth SAARC Summit :
Date : December 21-23,1991
Location : Colombo, Sri Lanka
7. Seventh SAARC Summit :
Date : April 10-11,1993
Location : Dhaka, Bangladesh
8. Eighth SAARC Summit :
Date : May 2-4, 1995
Location : New Delhi, India
9. Ninth SAARC Summit
Date : May 12-14, 1997
Location : Maldives
10. Tenth SAARC Summit
Date : Jan 4-6,1998
Location : Colombo, Sri-Lanka
11. Eleventh SAARC Summit:
Date: January 4-6, 2002
Location: Kathmandu, Nepal
12. Twelfth SAARC Summit:
Date: January 2-6, 2004
Location: Islamabad, Pakistan
13.Thirteenth SAARC Summit:
Date: November 12-13, 2005
Location: Dhaka, Bangladesh
14. Fourteenth SAARC Summit:
Date: April 3-4, 2007
Location: New Delhi, India
 15. Fifteenth SAARC Summit:
Date: August 1-3, 2008
Location: Colombo, Sri Lanka
16. Sixteenth SAARC Summit:
Date: April 28-29, 2010
Location: Thimphu, Bhutan
17. Seventeenth SAARC Summit:
Date: November 10-11, 2011
Location: Addu City, Maldives
18. Eighteenth SAARC Summit:
Date: November 26-27, 2014
Location: Kathmandu, Nepal
19. Nineteenth SAARC Summit:
Date: November 25-26, 2016
Location: Islamabad, Pakistan (Postponed and later canceled)
 India and SAARC
• India, as a founding member of the South Asian Association for Regional
Cooperation (SAARC), has played a significant role in the organization
since its establishment in 1985. India's relationship with SAARC can be
summarized as follows:
 Leadership Role: India, being one of the largest and most influential
countries in the South Asian region, has often assumed a leadership role
within SAARC. It has hosted several SAARC summits and played a key
role in the organization's decision-making processes.
 Bilateral Relationships: India's participation in SAARC has allowed it
to strengthen bilateral relationships with its neighboring countries in the
region. Through SAARC, India has engaged in various regional
initiatives and collaborative efforts, including economic cooperation and
development projects.
 Trade and Economic Cooperation: India has been active in promoting
economic cooperation within SAARC. It has taken steps to reduce trade
barriers and enhance economic integration among member countries,
with the aim of boosting regional trade and economic growth.
 Regional Stability: India recognizes the importance of a stable and
prosperous South Asian region. It has been actively involved in
initiatives to address common challenges such as poverty, terrorism, and
climate change to enhance regional stability.