Comment
SAARCONOMY AND FREE TRADE
The recent meeting of the Commerce Ministers of the SAARC countries and the SAARC Trade Fair culminated in announcements and commitments. SAARC Trade Centres are going to be established and so are Corporate Clubs. The removal of trade barriers has been unanimously brought forward to 2000.
From the time the SAARC organisation was established, such announcements have been a regular feature. In December 1995, tariff cuts were announced by all the seven member countries, but the goods given such preferential treatment comprise less than five percent of the total regional trade.