A. It is a step towards a South Asian customs union and common market.
B. The agreement came into effect in 2006.
C. The SAFTA is a trade liberalisation regime.
D. The SAFTA agreement takes precedence over any other agreement a member country may have with states outside SAFTA.
✅ The correct answer is option D.
“The SAFTA agreement takes precedence over any other agreement a member country may have with states outside SAFTA” is an incorrect statement.
“The SAFTA agreement takes precedence over any other agreement a member country may have with states outside SAFTA” is an incorrect statement.