The founding members of the Organization of the Oil Exporting Countries are Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. While welcoming the measures being considered for arms reduction at the global level, they were convinced that the objective could be best achieved through the promotion of mutual trust and confidence among the Member States. Because of the low economic growth of these countries their help is very less compared to the help given by India. Areas such as banking, telecommunication and tourism including airline services are considered as major areas of interests in the field of trade in services. He succeeded Sri Lanka's Nihal Rodrigo, who completed a three-year term. Secretary-General is appointed for a three-year term by election by a council of Ministers from member states. Standing Committee of Foreign Secretaries The Committee provides overall monitoring and coordination, determines priorities, mobilizes resources, and approves projects and financing.
The South Asian developed countries are well endowed with labour and natural resources. The Council may also meet in extraordinary circumstances by agreement of Member States. In the 1970's then president of Bangladesh, Ziaur Rahman proposed creating a trade bloc of South Asian countries. The Director of the Center acts as Member Secretary to the Governing Board which reports to the Programming Committee. The Fund also and helps countries design policy programs to solve balance of payments problems when sufficient financing on affordable terms cannot be obtained to meet net international payments. Bhutan : Complete dependence on India.
With its Permanent Secretariat to be established in Thimphu two Regional Projects under Social Window are already under implementation. Insufficient infrastructure has made transporting goods in the region a huge challenge hindering trade. Prepare the groundwork, such as feasibility studies, data collection etc. Promote the welfare of the peoples of South Asia and improve their quality of life; ii. The summit was inaugurated by Vice President of Nepal Nanda Bahadur Pun.
Member states continued to stress the importance of achieving a Comprehensive Convention on International Terrorism. They also renewed their resolve for collective regional efforts to accelerate economic growth, social progress and cultural development and emphasized on key issues like telecommunication, energy, climate change, transport, poverty alleviation, science and technology, trade, education, food security and tourism. In terms of population, its sphere of influence is the largest of any regional organisation: almost 1. A good number of publications and other documents on various policy issues were exchanged among the member country's institutions. Another major challenge is the inadequate infrastructure linking the countries. In August 1983 the leaders accepted the Declaration on South Asian Regional Cooperation. The simplest motor activity with great developmental benefits! It also contribute in agricultural trade, automotive industry, and textile and apparel.
Member central banks also appoint a Coordinator. Requests of assistance can be made to any member state and shall be dealt with as promptly as possible. In April 2006, the United States of America and South Korea made formal requests to be granted observer status. The agenda was dominated by issues of terrorism and the trafficking of humans and drugs. But hosting the tamilians who stayed there.
The countries cooperate on security matters to achieve peace, which has been so elusive in the region. More than 30 such meetings have beenheld. At the Summit, leaders addressed means of increasing regional cooperation in the areas of economics; poverty alleviation; science and technology development; social, cultural and environmental issues; and terrorism prevention. First expert group meeting on cooperatives will be held in Nepal on 3 April 2018 and finalize modality of regional cooperation in this sector. The region is still characterized as a pocket of global poverty. In April 2007, at the Association's 14th summit, Afghanistan became its eighth member.
The Sixteenth Meeting of the Committee on Economic Cooperation to be held in Nepal in March 2018 is expected to advance cooperation in this area. Point of Contact Secretary-General Q. They committed to strengthen cooperation with the Association of Southeast Asian Nations and the United Nations Office on Drugs and Crime. Their Fourth Meeting held in Kathmandu in June 2016 shared best practices in their governance system and discussed framework of collective cooperation for achieving regional prosperity and welfare of the peoples. The Foreign Secretaries in 1981 in Colombo and the Foreign Ministers in 1983 in New Delhi identified areas to promote regional cooperation. Afghanistan joined the organization in 2007 2. With the addition of Afghanistan, the total number of member states were raised to eight 8.
China and Japan were granted observer status at the same. Runa Laila from Bangladesh, Shri Ajay Devgan from India and Ms. It is also celebrated to emphasize the major activities and works of the association. The convention calls the state to provide each other with the maximum amount of mutual assistance with regard to trials, investigations and legal proceedings. They also unequivocally condemned terrorism in all its forms and manifestations and called for collective efforts in countering terrorism. It could turn the tables in favour of India in global arena. Nepal had also successfully organized the 3 rd and 11 th Summits in Kathmandu in 1987 and 2002 respectively.