The eight-member grouping needs to "move faster and to add momentum to our cooperation within the SAARC framework," External Affairs Minister Salman Khurshid said while acknowledging that the overall direction of "our progress is positive".
"The comprehensive study on SAARC by the SAARC Secretariat and the deliberations yesterday serve to underline the importance of taking a holistic view towards institutional reform," he said at the SAARC Foreign Minister's meeting here in the Maldivian capital.
Australia, China, the European Union, Iran, Japan, South Korea, Mauritius, Myanmar and the US are the nine observer states to the SAARC.
"The SAARC has traversed a significant distance since it came into being in 1985. There is little doubt about its achievements...While the overall direction of our progress is positive, we need to move faster and to add momentum to our cooperation within the SAARC framework," said Khurshid.