Declaration of 18th SAARC Summit
Declaration of 18th SAARC Summit was made during SAARC Summit 2014 in Nepal.The 18th SAARC summit was held in Kathmandu, Nepal from 26 to 27 November 2014. The state heads of eight SAARC member countries along with their delegations had meeting during the Summit and discussed the agendas of SAARC. The discussions on previous implementations was made by the delegations before the summit. They Recognized that after nearly thirty years of their existence in SAARC, it was time to reinvigorate SAARC's regional cooperation and revitalize SAARC as an effective vehicle or the medium to fulfill the developmental aspirations of the peoples of South Asia. Determined to deepen the regional integration for peace and prosperity by promoting mutual trust, amity, understanding, cooperation, teamwork to develop the partnership that would help the countries to develop, the 18th SAARC summit Declaration was made. They planned to do the 19th SAARC summit in Pakistan.
Declarations made in the summit
Regional cooperation
The Heads of State or Government expressed their strong determination to deepen regional integration for peace, stability and prosperity in South Asia by intensifying cooperation, inter alia, in trade, investment, finance, energy, security, infrastructure, connectivity and culture; and implementing projects, programmes and activities in a prioritized, result-oriented and time-bound manner.South Asian Economic Union (SAEU)
The Leaders renewed their commitment to achieve South Asian Economic Union in a phased and planned manner through a Free Trade Area, a Customs Union, a Common Market, and a Common Economic and Monetary Union.The Leaders acknowledged that SAARC Member States, particularly the Least Developed and Landlocked Member States, face structural constraints and challenges that result in their weak productive capacity affecting their competitiveness in external trade due to, among others, high trade and transit cost. They committed to enhance support to the Least Developed and Landlocked Member States in their development efforts, with a view to ensuring equitable benefits of free trade arrangements. In this context, they agreed to effectively implement the existing preferential facilities under SAFTA and SATIS.
SAFTA and Trade Facilitation
Directed SAFTA Ministerial Council and SAFTA Committee of Experts to accelerate free trade in goods and services in the region putting into operation simplified and transparent rules of origin; implementation of trade facilitation measures; harmonization of standards relating to Technical Barriers to Trade and sanitary and phyto-sanitary measures; harmonized, streamlined and simplified customs procedures; elimination of non-tariff and para-tariff barriers; and smooth and efficient transit and transport facilities. They also called for early operationalization of SATIS by finalizing the schedule of commitments.They called for timely and comprehensive reforms of the global economic and financial architecture to make it inclusive and responsive to the needs of Least Developed, Land-locked, and Small Island Developing States. They reaffirmed that SIDS would require special attention in view of their unique circumstances and particular vulnerabilities in realization of sustainable development.
SAARC Development Fund
They agreed to strengthen the Social Window of the SAARC Development Fund and operationalize its Economic Window and Infrastructure Window at the earliest for effective implementation of regional and sub-regional projects. In that context, they stressed on expeditious development of projects under SDF addressing the livelihood issues of the peoples of the region. They agreed to expand the Governing Board of SDF by including a representative of the National Focal Point of the Member States.Connectivity
welcomed the significant progress towards finalization of the SAARC Motor Vehicles Agreement and SAARC Regional Railways Agreement and agreed to hold a Meeting of the Transport Ministers within three months in order to finalize the Agreements for approval. They renewed their commitment to substantially enhance regional connectivity in a seamless manner through building and upgrading roads, railways, waterways infrastructure, energy grids, communications and air links to ensure smooth cross-border flow of goods, services, capital, technology and people. The leaders emphasized the need for linking South Asia with contiguous regions, including Central Asia, and beyond by all modes of connectivity and directed relevant authorities to initiate national, regional and sub regional measures and necessary arrangements.Energy
The Leaders directed the relevant SAARC bodies and mechanisms to identify regional and sub-regional projects in the area of power generation, transmission and power trade, including hydropower, natural gas, solar, wind and bio-fuel, and implement them with high priority with a view to meeting the increasing demand for power in the region. The Leaders welcomed the signing of the SAARC Framework Agreement for Energy Cooperation.Poverty Alleviation
The Leaders reiterated their strong commitment to free South Asia from poverty and directed the Ministerial and Secretary-level mechanisms on poverty alleviation to review the progress and revisit the SAARC Plan of Action and its effective implementation, also taking into account the Post-2015 Development Agenda.They recognized the potential of cooperatives in achieving inclusive, broad-based and sustainable economic growth and development, and called for sharing of experiences, expertise and best practices in this sector.