Economic Cooperation The Emerging Scenario

[Considering China continuously increasing importance for the global level, increased economic cooptation between China and SAARc member countries will be mutually beneficial, particularly for the South Asia. SAARC's own success in achieving desired level of regionalism has been limited, and China's involvement can become a catalyst in this regard. While trade between China and SAARC has been increasing in recent years, the potential of economic cooptation is much more beyond trade alone. China's engagement can address some of SAARC's fundamental shortfalls such as inability to generate funds for crucial projects and no progress towards knowledge and technology transfers. Regardless of China's full membership of SAARC, its active involvement in South Asia will continue to grow.] </p