The world has many examples of regional organizations making states to emerge as developed countries although they had long history of enmities, wars and a world war. One such example is of European Union. Similarly, head of Bangladesh proposed an idea for regional cooperation between the countries of South Asia. Initially Pakistan and India were two states that refused it because of their allegations and fears towards each other. Pakistan feared India’s hegemonic designs while India did not want to establish relations with Pakistan that had worked towards dividing their motherland. Later on the proposal was materialized after much collaboration among the states.
SAFTA, South Asian free trade area has been introduced to this regional organization which is working to extend the economic relation regarding free trade areas for specific products between these countries. This year Pakistan has been nominated to head SAARC CCI after fourteen years that is headed by all the seven member countries including Pakistan, India, Nepal, Bhutan, Bangladesh, Sri Lanka and Maldives in rotation for two years. The objective of chamber of commerce and industry CCI is based on increasing global linkages, providing services to private sectors, working closely with the governmental organizations and promoting economic cooperation in this region.
Despite the fact that India has uncomfortable relations with rest of south Asian states, based on India’s hegemonial designs, such as it has Tamil issue with Srilanka, harsh trade treaty with Nepal a land locked state, Ganga water problem with Bangladesh and so on, today it has made itself a stronger link between all. Similarly the fact that states in this region constitute most of the third world countries therefore the pace of economic development has been slow still these sates can contribute to make South Asia as a future’s growing economic bloc in the world. Not only that this region can emerge as a future global power because Pakistan and India are two countries possessing nuclear capabilities as well to defend the region security threats.