South Asia's Services Integration Unlocks Economic Prosperity, Empowers Millions
Regional integration in services in South Asia has great potential, but faces various constraints. The key drivers of integration are intraregional mobility, trade facilitation, and investment opportunities. Sectors like tourism and healthcare can play a crucial role in this process. Governments need to focus on regulatory harmonization, liberal investment policies, and free movement of natural persons to achieve successful integration. The analysis is based on data from various international organizations and highlights the need for immediate policy formulation and governmental interventions in SAARC countries. It is important for countries to focus on sectors where they have export potential to capitalize on opportunities in the global market.