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- W2185655268 abstract "South Asia has long been significant in global affairs and the world community cannot be safe or happy unless it involves all the people of South Asia in the critical decisions regarding peace, security and development. This article deals with an important area of research in understanding the processes and structures of regionalism in South Asia and aims to demonstrate the gains to trade in the region from reform and capacity building in trade facilitation at the regional level . It is found that the progress in regional cooperation has been far short of potential though there are considerable greater scopes of South Asian countries to increase the share of intra-regional trade and investment flows as has been witnessed in East and South-East Asia. The article shows the relatively poor state of trade facilitation in South Asia and the high transaction cost associated with cross-border exchange in the region. This also highlights the lack of adequate initiatives, both unilaterally on the part of individual South Asian countries, as well as broader regional trade initiatives. However, there exists a general perception that SAFTA will facilitate economic gains for all member countries of SAARC through trade. But unfortunately this has hardly made any substantive progress since its founding. It remains practically stagnant as the member countries are yet to take the necessary initiatives to give a spur to it. The article plan s to analyze the scope of trade in South Asia critically and to identify the bottlenecks for non-implementation and recommend measures to overcome it. Finally , it is found that the South Asian region ’s expansion of trade can be substantially advanced with programs of concrete action to address barriers to trade facilitation to advance regional goals." @default.
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- W2185655268 date "2014-01-01" @default.
- W2185655268 modified "2023-09-24" @default.
- W2185655268 title "Regional Integration of South Asia through Trade Facilitation: Challenges and Opportunities" @default.
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