Consider the following statements: I. > The agreement on South Asian Free Trade Area (SAFTA) came into effect from Dec. 1, 2005. II. > As per SAFTA agreement terms, India, Pakistan and Sri Lanka have to decrease their custom duties to the level of 0 to 5

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Q: 118 (IAS/2006)
Consider the following statements:
I. The agreement on South Asian Free Trade Area (SAFTA) came into effect from Dec. 1, 2005.
II. As per SAFTA agreement terms, India, Pakistan and Sri Lanka have to decrease their custom duties to the level of 0 to 5 per cent by the year 2013.
Which of the statements given above is/are correct?
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question_subject: 

Current Affairs

question_exam: 

IAS

stats: 

0,3,29,13,7,9,3

keywords: 

{'safta agreement terms': [0, 0, 1, 0], 'safta': [0, 0, 0, 1], 'agreement': [1, 0, 0, 0], 'south asian free trade area': [0, 0, 1, 1], 'india': [8, 1, 7, 13], 'custom duties': [0, 0, 2, 0], 'pakistan': [3, 0, 1, 2], 'per cent': [0, 1, 0, 0]}