Correct option is C
The correct answer is (C) SAFTA.
Explanation:
India is a member of SAFTA (South Asian Free Trade Area), a trade bloc that aims to promote economic cooperation among South Asian countries.
Information Booster:
- SAFTA Agreement Date:January 6, 2004.
- Member Countries:India, Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan, Afghanistan, Maldives.
- Objective: To reduce tariffs and boost trade among South Asian countries.
- Minister:Piyush Goyal, the current Minister of Commerce and Industry.
Other Options Explanation:
- ASEAN:India is a dialogue partner, not an associate member of ASEAN.
- NAFTA:India is not part of NAFTA(North American Free Trade Agreement).
- LAIA:India is not a member of LAIA(Latin American Integration Association).