Q: 118 (IAS/2006)

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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?
question_subject: 
Current Affairs
question_year: 
2006
question_exam: 
IAS
question_sub_subject: 
Current Affairs -International
question_topic: 
Current Affairs -International
stats: 
0,128,928,272,224,424,136