Presentation by Prof. Dr. Khawaja Amjad Saeed Professor Emeritus & Founder Principal, Hailey College of Banking & Finance, University of the Punjab, Lahore Pakistan ( ), Member Governing Council, International Federation of Accountants (IFAC), New York ( ), President, South Asian Federation of Accountants (SAFA) (1997), President, Institute of Cost and Management Accountants of Pakistan ( ), President, Association of Management Development Institutions of South Asia (AMDISA) ( ), Pro Vice-Chancellor University of the Punjab, Lahore ( ), Founder Director, Institute of Business Administration (IBA), University of the Punjab, Lahore ( ), Senior Faculty Member, Hailey College of Commerce, University of the Punjab, Lahore ( ) and senior Faculty Member, Hailey College of Commerce, University of the Punjab, Lahore-Pakistan. Earlier he had eight years experience in corporate world ( ). B&ESI BUSINESS & ECONOMICS SOCIETY INTERNATIONAL Event: International Conference-January 2013 Segment Round Table Topic: GEO Politics: SAARC Rejuvenation: Economic Implications 1

P RESENTATION F RAME 2 1.Prelude 2.Constituents: Part A:Global Trade Leader and Regional Blocks Performance Part B: SAARC Review Part C: Suggested Future Directions

3 1. PRELUDE 3 1.Changing World 2.Rise of Regional Blocks 3.SAARC Position 4.Happy Sign

4 2. CONSTITUENTS 4 Part A:Global Trade Leaders and Regional Blocks Part B:SAARC Review Part C:Suggested Future Directions

5 PART A: GLOBAL TRADE LEADERS AND REGIONAL BOCKS PERFORMANCE 5 1. Global Trade Leaders: -12 -Names -Global Share  Exports 59%  Imports60% 2. Trade Blocks in the World: -APEC -EU -NAFTA -ASEAN -SAARC

6 PART A: GLOBAL TRADE LEADERS AND REGIONAL BOCKS PERFORMANCE 6 3. G-8 -Names -Share  Exports 39%  Imports37% 4. NAFTA -Countries (3) -Exports Share 12.89% -Imports Share17.47% 5. D-8 -Countries (8) -Share Exports4.52% 6. Globalized Mercantile Trade and SAARC Trade -Exports 1.63% -Imports 2.55% -Potential

7 PART B: SAARC REVIEW 7 1. Constituents of SAARC: -8 countries -Population1.56 billion  22% of the world. 2. Unique Features of SAARC: -Versatile area -Largest irrigated area -Largest English speaking population -Ancient living civilization -Second largest railway network -450 labour force -750 consumer base -Sleeping giant -Maturing into economic force

8 PART B: SAARC REVIEW 8 3. Population of SAARC : -22% work -India: 75 of SAARC 4. Poverty Dimension of SAARC: -GINI Index -Highest: 65.8% Seychelles -Lowest: 24.7% Denmark -SAARC Position  Lowest: 31% Bangladesh  Highest: 47.3 Nepal 5. SAARC Market Capitalization -Global Share 3.70% 6. SAARC Share of FDI -Global Share 3.28%

9 PART B: SAARC REVIEW 9 7. SAARC Principles: -Four  Sovereignty  Terri tonal Integrally  Political Independence  Non-Interference 8. Major Miles Stones: Idea hit SAARC conceived SAARC charter SAPTA SAFTA Pakistan-India Management Summit

10 PART B: SAARC REVIEW SAARC Objectives: -Inter-SAARC:  Welfare of people  Economic growth  Areas:  Economic  Social  Cultural  Technical & Scientific Field  Self Reliance  Mutual Trust  Intra-SAARC:  Cooperation in International forum  Cooperation with other developing countries  Cooperation with international and regional organization

11 PART B: SAARC REVIEW Institutions of SAARC -Regional:  Agriculture  Documentation -Funds:  Regional Funds  Japan Special  SA Development Fund -Track Work Packages (10) -India (4)  Business Information  HRD  S&T  Social Dimension of Business

12 PART B: SAARC REVIEW Work Packages (10) -Pakistan (2)  Trade  Investment -Sri Lanka (1)  Women Entrepreneurship -Bangladesh (1)  Telecommunication -Nepal (1)  Travel and Tourism -Bhutan (1)  Energy -Nepal (1) 

13 PART B: SAARC REVIEW SAARC Chamber of Commerce & Industry -Set up in 1992 in Pakistan -Official Apex Body Objectives:  Voice of Business country  Economic Cooperation  Joint Ventures  Private Sector Encouragement

14 PART C: SUGGESTED FUTURE DIMENSIONS Pre requites for Break Through in SAARC: -Political -Economic and Social Dimensions -Technology -Institutional Framework 2. Expected Outcomes: -Poverty Eradication -Population Stabilization -Empowerment of Women -Youth Mobilization -HR Mobilization -Promotion of Health