SAARC needs to increase inter-regional trade in goods and services

Md Sahabuddin concluding his two-part article on trade and investment in South Asia South Asia is gradually being considered as the most liberal and business-friendly region in the world. To increase investment, South Asian countries offer generous and attractive packages of incentives to investors. They are willing to end discrimination between local and foreign investors. The safety of investment and its returns are ensured through implementing prevailing laws and practices within the region. Factors enabling the region to have a competitive business-friendly environment and cost structure for investment which can give the best returns are: 1. Strategic location, regional connectivity and worldwide access, 2. Low-cost workforce, 3. Strong local market with 1.5 billion population and 6-7 per cent growth, 4. Low cost of energy and huge mineral resources, 5. Comparative advantages which help export competitiveness, 6. Competitive incentives, 7. Export and Economic Zones, 8. Positive investment climate and 9. Abundant natural beauty for tourism industry