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Integrating Services in South AsiaTrade, Investment, and Mobility$
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Rupa Chanda

Print publication date: 2011

Print ISBN-13: 9780198069959

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780198069959.001.0001

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Regional Integration Efforts and Outcomes

Regional Integration Efforts and Outcomes

Chapter:
(p.1) 1 Regional Integration Efforts and Outcomes
Source:
Integrating Services in South Asia
Author(s):

Rupa Chanda

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198069959.003.0001

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

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