Question: The term ‘Regional Comprehensive Economic Partnership’ often appears in the news in the context of the affairs of a group of countries known as
Options:
A) G-20
B) ASEAN
C) SCO
D) SAARC
Show Answer
Answer:
Correct Answer: B
Solution:
- Exp. [b] Regional Comprehensive Economic Partnership (RCEP) is a proposed Free Trade Agreement (FTA) between the ten member states of the Association of South-East Asian Nations (ASEAN) (Brunei, Burma (Myanmar), Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam) and the six states with which ASEAN has existing FTAs (Australia, China, India, Japan, South Korea and New Zealand). RCEP negotiations were formally launched in November 2012 at the ASEAN Summit in Cambodia. RCEP is viewed as an alternative to the Trans-Pacific Partnership trade agreement, which includes the United States but excludes China.
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