As per decisions of the Asian Cricket Council, the tournament is being held twice a year since the year of 2008. The current champion of the tournament is Pakistan who has beaten Bangladesh in the final match at the Asia Cup 2012. The next tournament was expected to be hosted by India who has not hosted Asia Cup since 1990-91. The recent reports indicate that Bangladesh will host the tournament since India has cited tight schedule ahead and its inability to organize such a tournament. The schedule for Asia Cup 2013 will be announced by ACC few months before its beginning.

The ACC Asia Cup is the biggest cricketing tournament in the Asian subcontinent. The tournament had been up and running since the year 1983, when the ACC or the Asian Cricket Council was formed for the promotion of gesture and goodwill among the cricketing nations of Asia. Originally, it was decided that the tournament will be held once in two years. The first tournament of the ACC Asia Cup took place in Sharjah, which is located in the United Arab Emirates, in the year of 1984

The office of the Asian Cricket Council was based in UAE until the year of 1995. The rule according to the ICC states that the games that would be played in the tournament would be of ODI status. The Asia Cup has been lifted by the Indian team for the most number of times. India has been the champions five times, while the Sri Lankans have held the honor as much as four times. India did not participate in the Asia Cup in the year of 1986 as the cricketing relationships between Sri Lanka and India were strained, and again in 1993 as the political relationship between Pakistan and Sri Lanka were strained.