Read the passage and answer the following questions:

In spite of many conflicts, the states of South Asia recognize the importance of cooperation and friendly relationship among themselves. The South Asian Association for regional cooperation (SAARC) is a major regional initiative by the South Asian states to evolve cooperation through multilateral means. It began in 1985. Unfortunately due to persisting political differences, SAARC has not had much success. SAARC members signed the South Asian Free Trade(SAFTA)which promised the formation of a free trade zone for the whole of South Asia. A new chapter of peace and cooperation might evolve in South Asia if all the countries in the region allow free trade across the borders. This is the spirit behind the idea of SAFTA. The agreement was signed in 2004 but it came into exercise on 1 January 2006. But some of our neighbours fear that SAFTA is a way for India to invade their markets and to influence their societies and politics through commercial presence in their countries.

What kind of organisation SAARC is?

Regional Organisation

SAARC is a regional organisation.