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This study provides a general overview of region‟s human development status, economic and trade structure, and sets a context for regional development challenges. Regional co-operation among SAARC States through an assessment of the Integrated Program of Action (IPA) recognizes 12 agreed areas of cooperation, each being covered by a designated Technical Committee (TC). These areas include Agriculture, Communications, Education, Culture and Sports, Environment, Health and Population Activities, Meteorology, Prevention of Drug Trafficking and Drug Abuse, Rural Development, Science and Technology, Tourism, Transport and Women in Development.