SAARC Event: Celebrating the 26th Anniversary of the SAARC Charter Day on December 08, 2011 Topic: SAARC (South Asian Association of Regional Cooperation) - Past, Present and Future Prospects Date & Venue: December 08, 2011, Auditorium-Hailey College of Banking & Finance, University of the Punjab, Lahore-Pakistan Presentation by: Prof. Dr. Khawaja Amjad Saeed Founder Principal, Hailey College of Banking & Finance, University of the Punjab, Lahore Pakistan (2003----), Member Governing Council, International Federation of Accountants (IFAC), New York (1997-2000), President, South Asian Federation of Accountants (SAFA) (1997), President, Institute of Cost and Management Accountants of Pakistan (1997-2000), President, Association of Management Development Institutions of South Asia (AMDISA) (1993-96), Pro Vice-Chancellor University of the Punjab, Lahore (1994-1996), Founder Director, Institute of Business Administration (IBA), University of the Punjab, Lahore (1973-1996) and senior faculty member, Hailey College of Commerce,1 University of the Punjab, Lahore (1965-73). WELCOME TO OUR PROGRAM PRESENTATION FRAMEWORK 1. History 2. Principles 3. Objectives 4. Current members 5. Current Observes 6. Summits (17) 7. Work Packages (10) 8. Initiatives and Institutions 9. SAARC as No. 1 in the World 10.Unique Features 11.SAARC Exports 2010 12.Challenges 2 SAARC 1: HISTORY 1977-85: Bangladesh Contribution 1985: Charter-December 08, 1985 2012: Economic Union Dream? 2015: Single Currency? 3 SAARC 2: PRINCIPLES Focus: Cooperation in SAARC Bilateral Multilateral 1. Sovereign equality 2. Territorial integrity 3. Political independence 4. Non-interference in internal affairs af other states and mutual benefits 4 SAARC 3: OBJECTIVES 1. Inter-SAARC 1. Welfare to people (quality of life) 2. Economic growth 3. Collaboration Economic Social Culture Scientific 4. Collective self reliance 5. Mutual trust, under-standing and appreciation 5 2. Intra-SAARC SAARC 1. Inter-cooperation in national forums 2. Domestic countries strengthening 3. International and regional organizations 6 SAARC 4: SAARC-Current Members 1. Afghanistan (Number 13, 2005) 2. Bangladesh 3. Bhutan 4. India 5. Maldives 6. Nepal 7. Pakistan 8. Sri Lanka Share of Population in the World: 23.19% Based on: World Development Report 2012. 7 SAARC 5: SAARC-Current Observers 1. Australia 2. China 3. Burmah 4. European Union 5. Iran 6. Japan 7. Mauritius 8. South Korea 9. United States Intention Expressed 1. Indonesia 2. Russia 3. South Africa 8 SAARC 6: SAARC-Summits S. No. Location Date of Summit 1st Dhaka 7-8, December, 1985 2nd Bangalore 16-17 November, 1986 3rd Kathmandu 2-4 November, 1987 4th Islamabad 29-31 December, 1988 5th Male 21-23 November, 1990 6th Colombo 21st December, 1991 7th Dhaka 10-11 April, 1993 8th New Delhi 2-4 May, 1995 9th Male 12-14 May, 1997 10th Colombo 29-31 July, 1998 9 SAARC 6: SAARC-Summits S. No. Location Date of Summit 11th Kathmandu 4-6 January, 2002 12th Islamabad 2-6 January, 2004 13th Dhaka 12-13 November, 2005 14th New Delhi 3-4 April, 2007 15th Colombo 1-3 August 2008 16th Thimphu 28-29 April, 2010 17 Male November 10-11, 2011 10 7: WORK PACKAGES 1. India SAARC 4 1. Business information data networking 2. HRM 3. S & T 4. Social dimension in business development 11 SAARC WORK PACKAGES 2. Pakistan 1. Trade 2. Investment 3. Sri Lanka Women Entrepreneurship 4. Bangladesh Telecommunication 5. Nepal Travel & Tourism Maldives-tourism 6. Bhutan & Nepal Energy 2 1 1 1 1 10 12 SAARC 8: INITIATIVES - SAPTA - SAFTA - SAARC University INSTITUTIONS 1. People to people contact 2. Regional - Agricultural infrastructure: Bangladesh 3. Funds - Regional Projects - Japan Special Funds - South Asia Development Fund - Other Funds 4. SAARC Chamber of Commerce & Industry: Islamabad-1992 13 SAARC 9: SAARC As No. 1 in the World 1. Geo-economic region: 1.6 billion people. 2. GDP surpasses: $ 2.08T. 3. Combined average growth in GDP 7.00%. 4. Common market: SAPTA. 5. Commerce: the largest single block. 6. Evaluating global economies. 14 SAARC 10: UNIQUE FEATURES 1. The oldest ancient living civilizations 2. World’s sleeping giant-started moving 3. People of all regilons, faiths, ideologies live 4. Economic force-common market 5. The largest irrigated area 6. The second largest railway network 7. The largest English speaking area 8. The largest labour force: 425m people 15 SAARC 9. Home of the poorest: - Job openings - Self employment 10. 750m commerce-the largest single block 16 SAARC 11: SAARC Exports 2010 Country 1. India 2. Pakistan 3. Bangladesh 4. Sri Lanka 5. Nepal 6. Bhutan 7. Maldives 8. Afghanistan Share of SAARC US $b 163 18 15 07 01 ---204 1.63% % 80 09 07 04 ----100 Source: Extracted From: World Development Report 2012, Statistical Section 17 SAARC 12: CHALLENGES 1. Poverty 2. Unemployment 3. Literacy 4. Governance 5. Education 6. Development 7. Enabling environment 8. Defense expenditure 18