In context with the SAFTA (South Asian Free Trade Area) agreement, consider the following statements:

The SAFTA agreement allows for duty-free imports of certain commodities among member countries.

SAFTA is designed to enhance trade by reducing tariffs on goods exchanged between South Asian countries.

Its signatory countries include China, Bangladesh, and India.

Select the correct option from the codes given below:

Question

The SAFTA agreement allows for duty-free imports of certain commodities among member countries. Correct: The SAFTA agreement indeed allows for duty-free imports of specified goods, which is intended to facilitate trade among member nations.
SAFTA is designed to enhance trade by reducing tariffs on goods exchanged between South Asian countries. Correct: The primary goal of SAFTA is to enhance regional economic cooperation by reducing tariffs on goods exchanged between South Asian countries, thereby fostering trade growth.
Its signatory countries include China, Bangladesh, and India. Incorrect: The SAFTA agreement came into effect in 2006, replacing the SAARC Preferential Trading Arrangement established in 1993. The agreement includes Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka as its signatory countries.

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The SAFTA agreement allows for duty-free imports of certain commodities among member countries. Correct: The SAFTA agreement indeed allows for duty-free imports of specified goods, which is intended to facilitate trade among member nations.
SAFTA is designed to enhance trade by reducing tariffs on goods exchanged between South Asian countries. Correct: The primary goal of SAFTA is to enhance regional economic cooperation by reducing tariffs on goods exchanged between South Asian countries, thereby fostering trade growth.
Its signatory countries include China, Bangladesh, and India. Incorrect: The SAFTA agreement came into effect in 2006, replacing the SAARC Preferential Trading Arrangement established in 1993. The agreement includes Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka as its signatory countries.

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