Giving regional trade much-needed boost
The South Asian trade bloc, the South Asian Association for Regional Cooperation (SAARC), according to a World Bank (WB) study, has the potential to grow into a huge regional trading hub worth US$44 billion. Unfortunately, that is not to be, thanks to the various barriers of both bureaucratic and geopolitical origins coming in the way of the economic bloc's realising its full potential. The SAARC's failure to function at the expected level is undeniably a colossal loss of opportunity for...