The following role and extent of SAARC:

The South Asian Association for Regional Cooperation was formally inaugurated in December 1985. SAARC has played a very important role in the area of ​​economic development of South Asian countries. SAPTA and SAFTA is a step towards economic cooperation between the SAARC nation. Cooperation in the economic sphere is of great importance among the SAARC nation.

AN Socio-Cultural Community:

Economic cooperation will raise the standard of living of the people of South Asia. This has accelerated the pace of economic development of the region. Economic cooperation will promote collective self-sufficiency among countries in South Asia. Economic cooperation will bring SAARC countries closer to mutual trust and strengthen. Areas of mistrust and conflict will be minimized.

Economic cooperation between SAARC countries will reduce the involvement of external forces in the region. Economic cooperation will bring a respectable life to the region. Economic cooperation will also support other areas such as social, cultural, educational etc. Thus, cooperation in the core economic zone between SAARC countries is a sure way of developing the region. SAARC countries have recognized this fact and signed SAPTA and SAFTA to promote their cooperation.

But SAARC has not achieved much success due to continuing political differences. Also some of our neighbors fear that SAFTA is a way for India to capture their markets and influence their society and politics through economic activities and trade. However, India feels that all countries will benefit from SAFTA.