question_answer

Consider the following statements:

1. South Asian Free Trade Agreement (S A F T aims at reducing tariffs on inter-regional trade.

2. Latin American Integration Association (LA I A) was set up in 1960 with in headquarters at Montevideo.

Which of the above statements is/are correct?

A) 1 only              

B) 2 only

C) Both 1 and 2    

D) Neither 1 nor 2