35- Consider the following pairs-1- Free Trade Agreement - Tariff liberalisation on a limited number of lines2- Comprehensive Economic Partnership Agreement - An agreement which consists of an integrated package of agreement on- among others- Investments and Intellectual PropertyWhich of the above terminologies is-are correctly described-

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35. Consider ...

Question

35. Consider the following pairs:

Which of the above terminologies is/are correctly described?

A. 1 only

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B. 2 only

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C. Both 1 and 2

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D. Neither 1 nor 2

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Solution

The correct option is B B. 2 only

35. Answer: B

Explanation:

Preferential Trade Agreement – Tariff liberalisation on a limited number of lines;

Free Trade Agreement – Elimination of Tariffs on items covering substantial bilateral trade between the (FTA) partner countries;

Comprehensive Economic Partnership Agreement – CECA or CEPA or BTIA terms are used to describe Agreements which consist of an integrated package of Agreement on Goods, Services, Investment, Mutual Recognition, Intellectual Property, etc.

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35. Consider the following pairs: Which of the above terminologies is/are correctly described?

35. Consider the following pairs:

Which of the above terminologies is/are correctly described?