Which of the following trade agreements aims to ‘strengthen intra-SSAARC economic cooperation to maximise the region's potential for trade and achieving development for their people’?

Correct option is B

The correct answer is (b) SAFTA.
 SAFTA stands for the South Asian Free Trade Area.
 It is an agreement reached among the member countries of the South Asian Association for Regional Cooperation (SAARC).
 The agreement was signed in 2004 and came into effect in 2006.
 SAFTA aims to reduce tariffs and trade barriers among the member countries, thereby enhancing trade and economic cooperation within the region.
 The member countries of SAARC include Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.
 The primary objective of SAFTA is to create a free trade area in South Asia, promoting regional economic integration and development.
 By fostering trade among SAARC countries, SAFTA seeks to improve the economic conditions and living standards of the people in the region.
 The agreement covers a wide range of goods and services, aiming to boost intra-regional trade and investment.