On Board Special Aircraft, Nov 12(ANI): The South Asian Association for Regional Cooperation (SAARC) has still miles to go before its full potential is realized, but there is a growing awareness among all countries of the region about the importance of regional cooperation, Prime Minister Dr. Manmohan Singh said today.
"We just had a very successful SAARC Summit. The fact that the global economy is not doing too well is a further incentive for countries of the SAARC region to learn to cooperate with one another. And there is a growing realization that a country like India, with its vast market, with its strong growth rate performance, can help other countries in the region to raise their sights for economic development," Dr. Singh said during the on board press interaction during return from Male
"That's a hopeful development and as you know, four agreements were signed at the Summit, the SAARC Agreement on Rapid Responses to Natural Disaster, SAARC Agreement on Multilateral Arrangements on recognition of conformity assessment, SAARC Agreement on implementation of regional standards and SAARC Seed Bank Agreement."
"Already the South Asian University is now a functioning entity, SAARC Development Fund is a functioning entity, so bit by bit SAARC is moving forward to promote the cause of regional integration and regional cooperation," he added.
He further said that the number of meetings that are taking place at various Ministers level creates a climate where there is growing mutual awareness of each others potential, of each others limitation and that itself is conducive to the promotion of regional cooperation. (ANI)
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