Correct option is A
The correct answer is (A) 2006
Explanation:
● SAFTA (South Asian Free Trade Area) came into force on 1 January 2006 to promote free trade among SAARC nations.
● It replaced the earlier SAPTA (South Asian Preferential Trade Arrangement).
Explanation:
● SAFTA (South Asian Free Trade Area) came into force on 1 January 2006 to promote free trade among SAARC nations.
● It replaced the earlier SAPTA (South Asian Preferential Trade Arrangement).
Information Booster:
● SAFTA members: India, Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan, Maldives, Afghanistan.
● Objective: Reduce customs duties and boost regional trade.
● Signed during the 12th SAARC Summit in Islamabad (2004).
● Provides a schedule for tariff reduction among member states.
● SAFTA members: India, Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan, Maldives, Afghanistan.
● Objective: Reduce customs duties and boost regional trade.
● Signed during the 12th SAARC Summit in Islamabad (2004).
● Provides a schedule for tariff reduction among member states.
Additional Knowledge:
SAARC:
● Established: 8 December 1985
● Founded at: Dhaka Summit, Bangladesh
● Member Countries (8): India, Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan, Maldives, Afghanistan (joined 2007)
● Headquarters: Kathmandu, Nepal
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