The South Asian Association for Regional Cooperation (SAARC) is an economic and political organization of eight countries in Southern Asia. In terms of population, its sphere (area) of influence is the largest of any regional(local) organization: almost 1.5 billion people, the combined population of its member states. It was established on December 8, 1985 by India, Pakistan, Bangladesh, Sri Lanka, Nepal, Maldives and Bhutan. In April 2007, at the Association’s 14th summit (metting), Afghanistan became its eighth member. The objectives (aims) of the Association as defined in the Charter are to promote the welfare of the peoples of South Asia and to improve their quality of life. To accelerate (quicken) economic growth, social progress and cultural development in the region and to provide all individuals the opportunity to live in dignity and to realize their full potential(ability), SAARC will work. Besides, this organization will work to promote and strengthen collective self-reliance among the countries of South Asia; to contribute to mutual trust, understanding and appreciation(approval) of one another’s problems; to promote active collaboration(partnership) and mutual(common) assistance in the economic, social, cultural, technical and scientific fields; to strengthen cooperation with other developing countries; to strengthen cooperation among themselves in international forums on matters of common interest; and to cooperate with international and regional organizations with similar aims and purposes. There is also a good potential to expand (increase) intra-regional trade among these countries on bi-lateral (two sided) terms. The SAARC countries can assume (accept) foreign trade as a priority sector under the rapid globalization of their economies. They must have co-ordination of their technical know-how and scientific research with mutual help for their industrial growth and development. They have to redesign their tariff (duty) and non-tariff structure under a liberalized (free) trade policy. They must build up a system for a common information pool to take advantage in global markets. The member countries of the SAARC would benefit themselves through co-operation in supply of inputs (tools) for production and market for the outputs. The countries should ignore their political differences for the sake of regional co-operation and common welfare. The progress of SAARC, in general has remained very slow due to lack of adequate (enough) consensus (agreement) among the countries. For the success of SAARC co-operation the countries should undergo(undertake, establish) preferential trading arrangements, open data bank, start joint R&D programme and develop a common support service programme.