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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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