Triple

Given a phrase, classify it is english named entity (e.g., persons, organizations, works of art) in Latin script, or not (e.g., literals, dates, URLs, verbose phrases). For disambiguation, the statement where the phrase occurs as object is also given. Please return a JSON object with `phrase` (string, the phrase being analyzed) and `is_ne` (boolean, indicating whether the phrase is a Named Entity).

Phrase: SAARC Arbitration Council | Statement: [South Asian Association for Regional Cooperation, hasSpecializedBody, SAARC Arbitration Council]

Target entity: SAARC Arbitration Council
Context triple: [South Asian Association for Regional Cooperation, hasSpecializedBody, SAARC Arbitration Council]

• A. SAARC Secretariat
  The SAARC Secretariat is the central administrative body that coordinates and facilitates regional cooperation activities among the member states of the South Asian Association for Regional Cooperation.
• B. South Asian Association for Regional Cooperation
  The South Asian Association for Regional Cooperation (SAARC) is an intergovernmental organization of South Asian countries that promotes regional cooperation and development in areas such as economics, culture, and social progress.
• C. Permanent Court of Arbitration
  The Permanent Court of Arbitration is an intergovernmental organization based in The Hague that facilitates arbitration and other forms of dispute resolution between states, state entities, intergovernmental organizations, and private parties.
• D. International Centre for Settlement of Investment Disputes
  The International Centre for Settlement of Investment Disputes (ICSID) is an international arbitration institution that facilitates the resolution of legal disputes between foreign investors and sovereign states under investment treaties and contracts.
• E. ASEAN Coordinating Council
  The ASEAN Coordinating Council is a high-level ministerial body within the Association of Southeast Asian Nations responsible for coordinating the implementation of ASEAN policies and community-building initiatives among member states.
• F. None of above. chosen
• G. Unsure - the case is ambiguous/there is not enough information to decide.

Generate a one-sentence description of the target entity. 
You are given a context triple in the form (subject, predicate, object), where the object is the target entity. 
# Instructions
Use the triple to infer relevant information about the entity. Describe the entity based on what is most defining, well-known. 
Avoid repeating the information from the triple, unless really essential.
# Response Format
Return only the sentence: "Description: [one-sentence description of the target entity]"

Entity: SAARC Arbitration Council
Triple: [South Asian Association for Regional Cooperation, hasSpecializedBody, SAARC Arbitration Council]

The SAARC Arbitration Council is a regional institution that facilitates the settlement of commercial and investment disputes among member states of the South Asian Association for Regional Cooperation through arbitration and related legal services.

Target entity: SAARC Arbitration Council
Target entity description: The SAARC Arbitration Council is a regional institution that facilitates the settlement of commercial and investment disputes among member states of the South Asian Association for Regional Cooperation through arbitration and related legal services.

• A. SAARC Secretariat
  The SAARC Secretariat is the central administrative body that coordinates and facilitates regional cooperation activities among the member states of the South Asian Association for Regional Cooperation.
• B. South Asian Association for Regional Cooperation
  The South Asian Association for Regional Cooperation (SAARC) is an intergovernmental organization of South Asian countries that promotes regional cooperation and development in areas such as economics, culture, and social progress.
• C. Permanent Court of Arbitration
  The Permanent Court of Arbitration is an intergovernmental organization based in The Hague that facilitates arbitration and other forms of dispute resolution between states, state entities, intergovernmental organizations, and private parties.
• D. International Centre for Settlement of Investment Disputes
  The International Centre for Settlement of Investment Disputes (ICSID) is an international arbitration institution that facilitates the resolution of legal disputes between foreign investors and sovereign states under investment treaties and contracts.
• E. ASEAN Coordinating Council
  The ASEAN Coordinating Council is a high-level ministerial body within the Association of Southeast Asian Nations responsible for coordinating the implementation of ASEAN policies and community-building initiatives among member states.
• F. None of above. chosen