Which of the following is not true for SAFTA (South Asian Free Trade Area)?
A. It is a step towards a South Asian customs union and common market.
B. The agreement came into effect in 2006.
C. The SAFTA is a trade liberalisation regime.
D. The SAFTA agreement takes precedence over any other agreement a member country may have with states outside SAFTA.
Answer: Option D
Solution (By Examveda Team)
"The SAFTA agreement takes precedence over any other agreement a member country may have with states outside SAFTA" is an incorrect statement.This Question Belongs to General Knowledge >> World Organisations
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