South Asian Association for Regional Cooperation
The SAARC is a trade agreement of currently 8 countries in South Asia.
All member states comprise a total area of 5.14 million km² and about 1.86 billion people. This is 3.4% of the habitable area around the world and 24% of the world population. With an economic output of 3,351.52 bn US dollars annually, they represent around 4 percent of the global economy.