UPSC 2014 CDS II GK Paper

Both the statements about IndiaSri Lanka relations are correct. TheIndo-Sri Lanka Free Trade Agreement (ISFTA), which was signed on December 28, 1998 and entered into force with effect from March 1, 2000, provides duty-free concessions to a wide range of products traded between the two countries. India has emerged as the highest exporter to Sri Lanka as in May 2014 by accounting for 18% of Sri Lanka’s total imports.