South Asian Economic Union
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South Asian leaders called for setting up for SAEU at end of the 14th SAARC summit in New Delhi, 2007.
Contents |
[edit] Steps To Create A Economic Union
- First Step: Setting up "Preferential Trade Agreement" and/or reduce customs.
- Second Step: Setting up a "Free Trade Area".
- Third Step: Setting up a united "Customs Union".
- Fourth Step: Setting up a "Free Market" where labour and capital can freely move.
- Fifth Step: Setting up a "Economic Union".
[edit] Status of South Asian Countries to Become an Economic Union
- First Step: Done.
- Second Step: In the process of being completed.
- Third Step: Not done. Seems to be very difficult for SA countries as different countries have very different ideas and beliefs.
- Fourth Step: Not done. Seems a very difficult step for SA countries.
- Fifth Step: Not done. Will probably take a very long time to accomplish this. Probably will not be possible for decades.
[edit] See also
[edit] External links
Categories: International organizations of Asia | International economic organizations | Foreign relations of Bhutan | Foreign relations of Bangladesh | Foreign relations of Nepal | Foreign relations of Pakistan | Foreign relations of Sri Lanka | Foreign relations of the Maldives | South Asian Association for Regional Cooperation | Foreign relations of India
