Consider the following statements 1. Free Trade Agreements (FTAs) involve cooperation between at least two countries to reduce trade barriers import quotas and tariffs and to increase trade of goods and services 2. India is having Comprehensive Economic P

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Q: 63 (Current Affairs-FEB/2017)
Consider the following statements
1. Free Trade Agreements (FTAs) involve cooperation between at least two countries to reduce trade barriers —import quotas and tariffs — and to increase trade of goods and services
2. India is having Comprehensive Economic Partnership Agreements (CEPAs) with Singapore and Malaysia
Which of the above statements are not correct?

question_subject: 

Economics

stats: 

0,22,130,22,22,75,33

keywords: 

{'free trade agreements': [0, 0, 0, 1], 'comprehensive economic partnership agreements': [0, 0, 0, 1], 'trade barriers': [0, 0, 0, 2], 'ftas': [0, 0, 0, 1], 'tariffs': [0, 0, 1, 4], 'cooperation': [1, 1, 3, 4], 'cepas': [0, 0, 0, 1], 'countries': [1, 0, 2, 6], 'import quotas': [0, 0, 0, 1], 'singapore': [7, 3, 19, 27]}