1.N.N. Dhuldaya' ( Financial Express 29.04.92.

) remarked that no South Asian cou

ntry would be able to enjoy the fruits of development if it did not join hands w
ith others in the region. Further, there would also be a possibility of other we
ll-grayed countries from outside the regional shaping the destinies of ungrouped
ones. He stated that a set of guiding principles, the complementarities of inte
rests, subsidiary of functions, identification of specific areas of inter-region
al co-operation and mutual understanding on international trade in terms of comm
on interest would help.
2. Indra Nath Mukherji" ("Feasibility of a Prefferential Trading Arrangement in
South Asia". Financial Express) analyses the preferential trading arrangement. T
he proposal for South Asian Preferential Trading Arrangement (SAPTA) seeks to es
tablish formal and full-fledged preferential trading arrangement within the inst
itutional framework of SAARC in a phased out manner by progressive, across the b
oard reduction in all tariffs and complete standstill and roll back of all non-t
ariff barriers to the expansion of intra-regional trade.
3.According to the study made by the Research and Information System ("Economic
co-operation in the SAARC Region, potential constraints and policies", Interest
Publications) Expansion of trade between the SAARC countries has more profound e
conomic basis than achievement of regional self-reliance. The study says, "Poten
tial for expanding economic co-operation among regional countries, remains large
ly untapped .