Question

'SAPTA' is an agreement of trade among the SAARC Nations. The expansion of SAPTA is one of the following:

• A. South Asian Protection of Trade Agreement
• B. South Asian Partial Trade Agreement
• C. South Asian Preferential Trade Agreement
• D. South Asian Pacific Trade Agreement

Answer 1

Answer: (C)

South Asian Preferential Trade Agreement

It is a preferrential trade agreement among SAARC countries.The Agreement reflected the desire of the Member States to promote and sustain mutual trade and economic cooperation within the SAARC region through the exchange of concessions.
Abbreviation of SAPTA : South Asian Preferential Trade Arrangement