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Consider the following statements regarding trade ties between India and Bangladesh.
  1. Under the provisions of the South Asian Free Trade Area (SAFTA), Bangladesh extends preferential tariffs to Indian exports of products outside the ‘sensitive list’ of items.
  2. Protocol on Inland Waterways Trade and Transit (PIWTT) has been in place to facilitate trade and transit through inland waterways.
  3. Currently, six Border Haats are functional on the India-Bangladesh border for boosting the local economy as well as strengthening people to people tie between the two Countries.
Which of the above statements is/are correct?
  • a)
    1, 2 
  • b)
    2 only 
  • c)
    2, 3 
  • d)
    1, 2, 3
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding trade ties between India a...
  • Under the provisions of the South Asian Free Trade Area (SAFTA), Bangladesh extends preferential tariffs to Indian exports of products outside the ‘sensitive list’ of 993 items. In 2011, India announced duty-free, quota-free access to Bangladesh for all tariff lines except tobacco and alcohol.
  • To facilitate trade and transit through inland waterways, a Protocol on Inland Waterways Trade and Transit (PIWTT) has been in place since 1972. 
  • MoUs were signed in 2015 on the use of the Chittagong and Mongla Ports for Movement of Goods to and from India.
  • The MoU on Border Haats on the India-Bangladesh border was renewed in April 2017 during the visit of Prime Minister Hasina to India. Currently, four Border Haats — two each in Meghalaya (Kalaichar and Balat) and Tripura (Srinagar and Kamalasagar) — are functional. Work on setting up two more haats on the Tripura-Bangladesh border and four on the Meghalaya-Bangladesh border is under way. The two sides have also decided to identify locations for another six Border Haats.
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Consider the following statements regarding trade ties between India and Bangladesh. Under the provisions of the South Asian Free Trade Area (SAFTA), Bangladesh extends preferential tariffs to Indian exports of products outside the ‘sensitive list’ of items. Protocol on Inland Waterways Trade and Transit (PIWTT) has been in place to facilitate trade and transit through inland waterways. Currently, six Border Haats are functional on the India-Bangladesh border for boosting the local economy as well as strengthening people to people tie between the two Countries.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'A'. Can you explain this answer?
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Consider the following statements regarding trade ties between India and Bangladesh. Under the provisions of the South Asian Free Trade Area (SAFTA), Bangladesh extends preferential tariffs to Indian exports of products outside the ‘sensitive list’ of items. Protocol on Inland Waterways Trade and Transit (PIWTT) has been in place to facilitate trade and transit through inland waterways. Currently, six Border Haats are functional on the India-Bangladesh border for boosting the local economy as well as strengthening people to people tie between the two Countries.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding trade ties between India and Bangladesh. Under the provisions of the South Asian Free Trade Area (SAFTA), Bangladesh extends preferential tariffs to Indian exports of products outside the ‘sensitive list’ of items. Protocol on Inland Waterways Trade and Transit (PIWTT) has been in place to facilitate trade and transit through inland waterways. Currently, six Border Haats are functional on the India-Bangladesh border for boosting the local economy as well as strengthening people to people tie between the two Countries.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding trade ties between India and Bangladesh. Under the provisions of the South Asian Free Trade Area (SAFTA), Bangladesh extends preferential tariffs to Indian exports of products outside the ‘sensitive list’ of items. Protocol on Inland Waterways Trade and Transit (PIWTT) has been in place to facilitate trade and transit through inland waterways. Currently, six Border Haats are functional on the India-Bangladesh border for boosting the local economy as well as strengthening people to people tie between the two Countries.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'A'. Can you explain this answer?.
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