Question

Q. Which of the following countries are part of the Regional Comprehensive Economic Partnership (RCEP) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership(CPTPP)?

Select the correct answer using the code given below:

• A. 1, 3 and 4 only
• B. 1, 4 and 5 only
• C. 1, 2 and 6 only
• D. 1, 2, 3, 4 and 5 only

Answer 1

The correct option is A 1, 3 and 4 only

Explanation:

• Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement between 11 countries in the Asia-Pacific: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
• It was signed after the USA opted out of the TPP agreement.
• RCEP is a Free Trade Agreement between the ten member states of the ASEAN – Association of Southeast Asian Nations namely Cambodia, Indonesia, Brunei, Laos, Malaysia, Vietnam, the Philippines, Myanmar, Singapore, Thailand, and its five partners (China, South Korea, Australia, Japan, and New Zealand).
• Hence the common members are Australia, Brunei, Japan, Malaysia, New Zealand, Singapore, and Vietnam.