This book is aimed at researchers and students at graduate and post-graduate level in the field of economics and international trade. The book is written against the backdrop of sluggish progress of multilateral trade negotiations under the framework of the World Trade Organization (WTO) regime which has provided impetus to the signing of regional/bilateral trade agreements the world over. This book examines the prospects and impact of regional economic cooperation in the South Asia region using various approaches; and focuses specifically on the South Asian Free Trade Agreement (SAFTA). The book also includes special studies on Indian industries: pharmaceuticals, textiles and clothing, and traditional (i.e. lock, brassware and glassware) industries in north India. - Provides a detailed analysis of the prospects and impact of regional economic cooperation in South Asia through alternative approaches - Draws on the author's rich experience in the field of economics and trade to assess the prospects and impact of RTA/FTA - Contributions are presented from highly knowledgeable and rich experienced researchers in the field