The book examines the progress made by SAARC in social, political and economic fields, the structure of the composition and direction of South Asian trade, the export of manufactured goods, problems and prospects of the customs union and obstacles to regional co-operation. In addition, it brings recent bilateral issues of trade and transit between Indian and Nepal into a sharp focus. Contents Chapter 1: Introduction; Chapter 2: Interdependence: An Overview; Chapter 3: The Progress of South Asian Regional Cooperation; Chapter 4: South Asian Trade Structure; Chapter 5: The Export of Manufactured Goods; Chapter 6: Prospects of Customs Union in South Asia; Chapter 7: Indo-Nepal Relations-Trade; Chapter 8: Indo-Nepal Relations-Transit; Chapter 9: Obstacles to Cooperation; Chapter 10: Concluding Remarks.