Political Economy of the Preferential Trade Liberalizations and Regionalism in South Asia: Opportunities and Challenges

ke other parts of the globe, south Asia has also been liberalizing the trade terms and conditions among its neibouring countries since last decades. However, the achievement is still limited although the agreements have been signed with was a high hope. This paper examines the opportunities and challenges of the preferential trade liberalization and regionalism in South Asia under political economy perspective. The study has reviewed secondary data and found that political environment is one of the main reasons of not achieving the desired goal of the agreements. Lack of trusts and absence of friendly environment among the member countries of the region has been working as a barrier for not achieving benefit of the agreement. The paper might be useful for policy makers, researchers and academics.