Question

Explain the co-relationship between the following:

Free trade and regional organisations

Answer 1

1. Several countries in a particular region, like South Asia, collaborated and established regional organizations such as SAARC (South Asian Association for Regional Cooperation).
2. There are numerous shared interests, including trade, transport and communication, energy, and health.
3. Focus is on economic cooperation and removal of trade barriers.
4. The idea of free trade had gathered momentum in the era of globalization and regional cooperation.