South Asian Association for Regional Cooperation. The South Asian Association for Regional Cooperation (SAARC) is an intergovernmental organization comprising eight sovereign states with full membership: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. It also includes nine non-member observers: Australia, China, the European Union, Iran, Japan, Mauritius, Myanmar, South Korea, and the United States. As of 2021, SAARC members collectively account for about 21% of the world's population and 5.21% of the global economy.