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Comparision of Saarc and Bimstec

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COMPARISION OF SAARC AND BIMSTEC

The two organisations are often compared and contrasted as they are a crucial part of India’s focus on its neighbourhood countries.

DIFFERENCE BETWEEN SAAARC AND BIMSTEC

SAARCBIMSTEC
1. A regional organisation looking into South Asia1. Interregional organisation connecting South Asia and South East Asia.
2. Established in 1985 during the cold war era.2. Established in 1997 in the post-Cold War.
3. Member countries suffer for mistrust and suspicion.3. Members maintain reasonably friendly relations.
4. Organisation suffers from regional politics.4. Core objective is the improvement of economic cooperation among countries.
5. SAARC has asymmetric power balance.5. Balancing of power with the presence of Thailand and India on the bloc.
6. Intra-regional trade only 5 percent.6. Intra-regional trade has increased around 6 precent in a decade.