Call for better bilateral trade in SAARC region

Our Bureau Hyderabad | Updated on March 27, 2011

Legal practitioners, academicians and the law students need to work on ways to develop multilateral and bilateral trade in the South Asian Association of Regional Cooperation ( SAARC) region.

This call was given by Mr K.K. Venugopal, senior advocate, Supreme Court, and the patron of M.K. Nambyar SAARCLAW Centre, NALSAR University of Law, Hyderabad.

In his keynote address at the two-day “International Conference on Intra- regional Trade in South Asia: Role of SAARC” held here on Saturday, Mr Venugopal said South Asia was a hub of economic activity in the ancient world and was at the pinnacle of foreign trade.

Free, fair trade

“But the current condition is appalling,” he said adding that the South Asian Free Trade Agreement (SAFTA) which saw the light of the day in 1998 has still a long way to develop free and fair trade in SAARC region.

In his presidential remarks, Mr Justice U.C. Beneejee said there was a need to convert the camaraderie and goodwill among the people of the region into concrete cooperation.

While delivering the welcoming address, the Vice-Chancellor, Prof Veer Singh, said the students of SAARCLaw centre were contributing significantly towards sorting out the problems pertaining to trade-related legal issues eclipsing SAARC countries.

The conference was attended by many delegates from SAARCLaw countries including Bangladesh, Bhutan, Sri-Lanka and Nepal.

Published on March 27, 2011

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor