AT the seminar the positive relationship of social liberation with  higher Gross Domestic Product resulting in lower corruption in the public and private sectors while opening up markets for the region was highlighted. India seems to be at the forefront of the economic liberalization in the SAARC region with many Free Trade Agreements being signed bilaterally with fellow SAARC countries. Mr.Sayeed also said that the 1.7 percent in world trade from the region had a lot more potential to grow, specially since  SAARC is home to more than one fifth of the world population. The current levels of inter-regional trade stood at mere 6 percent while intra-regional trade in, EU 58 percent, NAFTA was 62 percent and ASEAN 26 percent.

H.E. Sharat Sambharwal, the High Commissioner of India to Pakistan was the guest of honor, he said that it was India’s and specially Dr.Manmohan Singh’s vison to see South East Asia being transformed to a knowledge-biased economy. This could be achived only by rapidly increasing the pace and scope of the current inter-economic activity within SAARC.

Environment and climate change, Science and technology to name a few are important regions of corporation among member states. The host country of SAARC is held on a revolving basis on each of the member states and is coordinated by the secretariat of the organisation.

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