CUET Preparation Today
Which among the following statements about SAARC is not correct? |
SAARC is a major regional initiative by the South Asian states to evolve cooperation through multilateral means. SAARC members signed the South Asian Free Trade (SAFTA) agreement which promised the formation of a free trade zone for the South Asian countries. SAFTA was signed in 2005 and came into effect on 1 January 2007. SAFTA aims at lowering trade tariffs. |
SAFTA was signed in 2005 and came into effect on 1 January 2007. |
The correct answer is Option (3) → SAFTA was signed in 2005 and came into effect on 1 January 2007. SAFTA Agreement was signed in 2004 and came into effect on 1 January 2006. |
