MCQ. Which of the statements is/are correct?
- The agreement on South Asian Free Trade Area (SAFTA) came into effect from 1st December, 2005.
- As per SAFTA agreement terms, India, Pakistan and Sri Lanka have to decrease their custom duties to the level of 0 to 5 percent by the year 2013.
(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: (d) Neither 1 nor 2
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