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This question belongs to General Knowledge World Organisations

World Organisations

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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 & Solution

Correct Answer: Option D

"The SAFTA agreement takes precedence over any other agreement a member country may have with states outside SAFTA" is an incorrect statement.

Question posted by Examveda

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