Enhancing Regional Trade Potentials and Economic Cooperation among the Saarc Countries: Exploring Major Challenges and Propositions

Habib Ullah; Mohd. Kamal Uddin

Enhancing Regional Trade Potentials and Economic Cooperation among the Saarc Countries: Exploring Major Challenges and Propositions

Habib Ullah * §

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Mohd. Kamal Uddin

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§ International Islamic University Chittagong

Enhancing Regional Trade Potentials and Economic Cooperation among the Saarc Countries: Exploring Major Challenges and Propositions

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Abstract

Sustainable economic growth of countries nowadays relies much on the regional economic alliance developed among countries. This type of integration is gradually spreading to different parts of the world including the South Asia. SAARC is an organization of South Asian countries, mainly institutionalized as an economic alliance to work with collaboration and accelerate their socio-economic development. But, since the inception of SAARC, the achievement in regional economic integration is insignificant and the level of intra-regional trade flow among SAARC countries is still very low compared to the rest of the world. The region accounts for a very insignificant share of world trade but persistent high levels of tariff barriers. The present study attempts to examine the prospects and briefly reviews and identifies constraints to intra-regional trade and modes of economic cooperation in the region. It aims to enhance cooperation amongst members in order to improve competitiveness and put forward a set of recommendations for the policy makers requiring relentless determination to make the alliance successful in future.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

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How to Cite This Article

Habib Ullah, Mohd. Uddin, Mohd. Uddin. 2014. "Enhancing Regional Trade Potentials and Economic Cooperation among the Saarc Countries: Exploring Major Challenges and Propositions". Global Journal of Management and Business Research, Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 14 (GJMBR Volume 14 Issue A10).

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GJMBR Volume 14 Issue A10

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

challenges Economic Integration intra-regional trade SAARC

Classification

GJMBR-A Classification JEL Code: A10

Submission ReceivedDecember 11, 2013
Peer Review Double Blind
Handling Editor
Accepted January 3, 2014
Published January 15, 2014

Version of record

v1.2

Issue date

December 20, 2014

Language

English

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Article Matrices

Total Score: 150

Country: Bangladesh

Subject: Global Journal of Management and Business Research

Authors: Mohammad. Jonaed Kabir, Mohd. Kamal Uddin, Habib Ullah (PhD/Dr. count: 0)

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