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Home Questions XAR5JA4FJP
Target Exam

CUET

Subject

Political Science

Chapter

Contemporary World Politics: Contemporary South Asia

Question:

SAFTA stands for.

Options:

South Asia Fair Trade Agreement

South Asian Foreign Trade Agreement

South Asian Free Trade Agreement

South Asia Foreign Trade Association

Correct Answer:

South Asian Free Trade Agreement

Explanation:

The correct answer is option (3) - South Asian Free Trade Agreement

The South Asian Free Trade Agreement (SAFTA) is an agreement among the South Asian Association for Regional Cooperation (SAARC) member countries to promote regional trade and economic cooperation.
The SAFTA Agreement was signed in 2004 and came into effect on 1 January 2006. SAFTA aims at lowering trade tariffs.

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