Integrating services in south asia: trade, investment, and mobility

Abstract

This book analyses the prospects for services integration in South Asia, focusing on member countries of the South Asian Association for Regional Cooperation (SAARC) — India, Bhutan, Bangladesh, Pakistan, Nepal, Sri Lanka, and the Maldives. SAARC turned to trade promotion in order to achieve greater regional integration, starting with the signing of the SAARC Preferential Trade Agreement (SAPTA) in April 1993. The book discusses the role and performance of services within the region and identifies those services and areas which offer good and varied prospects for intra-regional integration. It also assesses the status of liberalization and reforms as well as current levels of intra-regional engagement in services in order to highlight the policy environment and existing opportunities and interests in the regional market. Furthermore, the book looks at multilateral and extra-regional/bilateral commitments made by the member countries of the South Asian Free Trade Agreement (SAFTA) in services and their positions on key issues in order to evaluate their preparedness to commit under SAFTA. Finally, the book considers negotiating priorities in different services and on cross-cutting issues to point out possible modalities for negotiation.