Economic Integration in South Asia: Charting a Legal Roadmap

Book Review

Martinus Nijhoff 2012, Pages XXX + 334
Price $ 171

Since its beginning in 1985, the SAARC has been extending its scope of operations to cover newer areas of common interest and activities.[1] Although at the outset the SAARC focused primarily on technical cooperation with the aim of creating a common ground and a shared agenda, its focus areas have been undergoing calibrated shifts to adjust to new tunes of global and regional realities. During the late nineties of the 20th century, the winds of change became visible in global economies which caused an impetus for the shift of focus in SAARC activities.[2]

Thus, evident manifestation of the new awakening can be seen in the formulation and implementation of SAPTA and later SAFTA Agreements which were reiterated as the vital key to unveiling the economic potential of the region.[3]

Author Md Rizwanul Islam in Economic Integration in South Asia: Charting a Legal Road Map analyses the state of intra-SAARC trade cooperation from its inception and examines what underlying socio-political factors may have prompted the emergence of the SAARC as in institution and conclusion of PTAs under its auspices. The book explores how broader sub-regional economic integration can propel economic development in South Asia.  The author, who has reputation of publishing analytical write ups on international trade law, focuses on South Asian PTAs, in the view of the inter-connected nature of the global economy, its analysis is juxtaposed with the global trade regime and also makes an endeavor to what extent the South Asian PTAs would comply the rules of the WTO.

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July 19, 2016

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