The South Asian region, comprising seven countries of India, Pakistan, Bangladesh, Nepal, Sri Lanka, Bhutan and the Maldives, houses 22 per cent of the world s population. The region has a long history of inward-looking policies in relation to international trade. Apart from Sri Lanka, which initiated progressive liberalisation policies in the1970s, the other South Asian countries remained closed economies until the late 1980s. However, the 1990s had seen a change in the policy directions for these countries towards trade liberalisation. South Asia has launched several regional and bilateral initiatives to increase trade since the formation of the South Asian Association for Regional Cooperation (SAARC) in 1985. This volume provides a timely assessment of the likely impact of trade liberalisation in South Asia through regional trading arrangements. We use the multi-country Computable General Equilibrium (CGE) model developed at the Global Trade Analysis Project (GTAP) to examine the effects of trade liberalisation as envisaged by South Asian Free Trade Area (SAFTA) and other bilateral initiatives. The book is fairly non-technical and highly policy-oriented. It is appealing to a variety of audience, including policymakers, politicians, academics, students and researchers who are engaged in trade policy evaluations. The book draws on regional trading arrangement policies in South Asia to place the modelling results in perspective.