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Consider the following statements: 1. The agreement on South Asian Free Trade Area (SAFTA)came into effect from 1st December - 2005. 2. 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. Which of the statements given above is/are correct? [IAS 2006]

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Consider the following statements: 1. The agreement on South Asian Free Trade Area (SAFTA)came into effect from 1st December - 2005. 2. 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. Which of the statements given above is/are correct? [IAS 2006]






 
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