Abstract
In 1995, South Asia undertook to accelerate the process of regional economic inte gration through a preferential trade agreement. In practice, given the strained ties between the two largest economies of India and Pakistan, the political constraints to freeing trade within the framework of a regional arrangement have always remained a formidable task. The evidence to date suggests that despite three rounds of negotiations on tariff concessions, South Asia remains reluctant to embrace a true spirit of regional trade cooperation.
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