SAARC Full Form| What Is The SAARC:Economic and Geopolitical Organization?

SAARC Full Form

SAARC Full Form-What Is The SAARC: The Best Explanation: SAARC is an economic and geopolitical organization that was established to promote socio-economic development, stability, and welfare economics, and collective self-reliance within its member nations.

SAARC Full Form

South Asian Association for Regional Cooperation

FAQs About SAARC:

The South Asian Association for Regional Cooperation, or SAARC, was founded on January 4th, 1985 at a meeting of senior officials in Colombo, Sri Lanka, in accordance with an intergovernmental treaty that came into force in January 1986. What were the objectives of SAARC? The objectives of the organization were to “promote economic growth, harmonization of industrial policies, exchange of information and technology, as well as to promote good governance, among the countries of the region.”

The goals of SAARC are to create a regional cooperation model that emulates and encourages joint effort, discipline, and stability; interconnectivity and collective action among the member nations; and collaboration and promotion of peaceful and harmonious relations between its member nations. The objectives of the SAARC are to foster economic and social development, improve regional coherence, promote democracy, encourage regional stability, enhance development cooperation and integration, and promote cultural, political and economic co-operation among its member nations.

SAARC members account for more than 4 percent of the world's population, account for nearly 20 percent of the world's geographic area, produce about one-fourth of the world's gross domestic product, and account for almost 60 percent of the world's current population. Importance of South Asian Agreements It's estimated that SAARC members make up more than 30 percent of the world's population, which places them amongst the most influential regions in the world. The economic importance of the region is supported by the fact that the majority of the world's population is situated within this geographical region, including populations across Asia, Africa, and Australia.

About 22% of the world’s population lives in South Asia, as per the United Nations and India alone is home to a population of 1.3 billion people, comprising of nearly half of the global population of 1.2 billion. Even though not a member, India has made the largest contribution to the entire South Asian region through trade, investment, assistance, and development. Apart from India and Pakistan, Afghanistan and Bangladesh also have diplomatic relations with South Asia through SAARC, due to the religious, cultural and historic ties that bind them to it.

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