Consider the following statements:

Statement 1: SAARC was established to promote regional cooperation in South Asia in various aspects like economic, social, and cultural development.
Statement 2: India’s Look East Policy was primarily focused on improving political relations with the United States.

Select the correct answer.

1
Only Statement 1 is correct.
2
Only Statement 2 is correct.
3
Both statements are correct.
4
Neither of the statements is correct.

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