Correct option is D
The correct answer is ( d) 1,2 and 3
Explanation:
- The South Asian Free Trade Area (SAFTA) agreement was signed to promote trade and economic cooperation among SAARC countries. The SAFTA agreement, signed in 2004 and effective from 2006, aims to enhance mutual trade and economic cooperation among SAARC member states by eliminating trade barriers and facilitating the cross-border movement of goods .
- The bilateral trade between India and Pakistan has increased to USD 1.35 billion during April-December 2022 as against USD 516.36 million in the whole 2021-22. Bilateral trade between India and Pakistan indeed rose to USD 1.35 billion during April-December 2022, compared to USD 516.36 million in the entire 2021-22 fiscal year.
- 3Bangladesh is India’s largest trade partner in South Asia.Bangladesh is India’s largest trade partner in South Asia, with significant bilateral trade volumes. For instance, in the fiscal year 2022-23, Bangladesh exported approximately USD 2 billion worth of goods to India, making India its largest export destination in Asia.
Information Booster:
In 2023-24, India officially imported only $3 mn worth of goods from Pakistan, while its exports to Pakistan reached $1.2 bn.
India-Bangladesh Trade Relations – FY 2023–24
- Bangladesh is India’s largest trade partner in South Asia, while India is Bangladesh’s second-largest trade partner in Asia.
- The total bilateral trade between the two nations stood at USD 12.9 billion in FY 2023–24.
India’s Exports to Bangladesh
- Valued at USD 11.06 billion.
- Major export items include:
- Cotton
- Petroleum products
- Engineering goods
- Chemicals
India’s Imports from Bangladesh
- Valued at USD 1.8 billion.
- Key import items include:
- Apparel
- Textiles
- Jute goods
- Aerospace parts
English
80 Questions
160 Marks
60 Mins
