Consider the following statements with reference to foreign trade:
1. As per the Comprehensive Economic Partnership Agreement (CEPA) signed between India and UAE, 90% of India’s exports will have duty-free access to the Emirates.
2. UAE is currently India’s largest export destination.
Which of the statements given above are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2