Emerson executives are considering whether to build the new facility in China or in the United States.
Emerson's Asian operations employ over 50,000 people at manufacturing facilities in Asia.
SAARC stands for South Asia Association of Regional Cooperation —an association of seven developing South Asian nations. According to the Agreement that was effective January 1, 2006, the countries will lower tariffs by 25% within three to five years and eliminate them within seven years.