Economics · Economy
With reference to Free Trade Agreements (FTAs) involving India, consider the following statements: I. FTAs drastically reduce or eliminate tariffs and quotas on trade in substantial goods and services between the member nations. II. India has signed operational FTAs/CEPA with ASEAN, Japan, South Korea, and the UAE. III. Rules of Origin provisions in FTAs are designed to prevent trade deflection, where non-member countries route goods through an FTA partner to exploit lower tariffs. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I and III only
- 2I, II, and III✓
- 3II and III only
- 4I and II only
Correct answer
I, II, and III
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