Passage: The first major intergovernmental organization joined by Bangladesh was the Commonwealth of Nations in 1972. The country joined the United Nations in 1974, and has been elected twice to the UN Security Council. Ambassador Humayun Rashid Choudhury was elected president of the UN General Assembly in 1986. Bangladesh relies on multilateral diplomacy in the World Trade Organization. It is a major contributor to UN peacekeeping, providing 113,000 personnel to 54 UN missions in the Middle East, the Balkans, Africa and the Caribbean in 2014.In addition to membership in the Commonwealth of Nations and the United Nations, Bangladesh pioneered regional cooperation in South Asia. Bangladesh is a founding member of the South Asian Association for Regional Cooperation (SAARC), an organization designed to strengthen relations and promote economic and cultural growth among its members. It has hosted several summits, and two Bangladeshi diplomats were the organization's secretary-general.

Question: What does SAARC stand for?
South Asian Association for Regional Cooperation