In the era globalization, regionalism aims at a practical compromise between global governance and national aspirations. Attempts have been made by states, in varying degrees, to advance cooperation towards mutual benefit in different parts of the world. However, the very process of regional cooperation in a defined geographical area adopts unique ways and special characters to accommodate the particularities of the region and does not lead to similar consequences when compared with the processes exercise of a National Seminar on 'Asian Regionalism in the Twenty First Century' at the Department of International Relations, Jadavpur University, Kolkata.