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Consider the following statements regarding the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP):
- It is a free trade agreement (FTA) between all the members of the Asia-Pacific Economic Cooperation (APEC).
- United States and China are also members of CPTPP.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'D'. Can you explain this answer?
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Consider the following statements regarding the Comprehensive and Prog...
Introduction:
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement (FTA) between certain countries in the Asia-Pacific region. It is important to understand the correct details about the CPTPP and its membership in order to answer the given question accurately.
Statement 1: It is a free trade agreement (FTA) between all the members of the Asia-Pacific Economic Cooperation (APEC).
The first statement is incorrect. The CPTPP is not a free trade agreement between all the members of the Asia-Pacific Economic Cooperation (APEC). APEC is a regional economic forum that promotes economic cooperation and trade among its 21 member economies, including countries such as the United States, China, Japan, Australia, and Canada. However, not all APEC members are part of the CPTPP.
Statement 2: United States and China are also members of CPTPP.
The second statement is incorrect. The United States and China are not members of the CPTPP. The CPTPP was originally known as the Trans-Pacific Partnership (TPP) and included the United States as one of its signatories. However, the United States withdrew from the agreement in 2017 under the Trump administration. China, on the other hand, has not joined the CPTPP.
Correct Answer:
Neither statement 1 nor statement 2 is correct. Therefore, the correct answer is option 'D' - Neither 1 nor 2.
Conclusion:
The CPTPP is a free trade agreement between certain countries in the Asia-Pacific region, but it does not include all the members of APEC. The United States and China are not members of the CPTPP. It is important to have accurate information about the membership of international agreements in order to understand their scope and implications.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement (FTA) between certain countries in the Asia-Pacific region. It is important to understand the correct details about the CPTPP and its membership in order to answer the given question accurately.
Statement 1: It is a free trade agreement (FTA) between all the members of the Asia-Pacific Economic Cooperation (APEC).
The first statement is incorrect. The CPTPP is not a free trade agreement between all the members of the Asia-Pacific Economic Cooperation (APEC). APEC is a regional economic forum that promotes economic cooperation and trade among its 21 member economies, including countries such as the United States, China, Japan, Australia, and Canada. However, not all APEC members are part of the CPTPP.
Statement 2: United States and China are also members of CPTPP.
The second statement is incorrect. The United States and China are not members of the CPTPP. The CPTPP was originally known as the Trans-Pacific Partnership (TPP) and included the United States as one of its signatories. However, the United States withdrew from the agreement in 2017 under the Trump administration. China, on the other hand, has not joined the CPTPP.
Correct Answer:
Neither statement 1 nor statement 2 is correct. Therefore, the correct answer is option 'D' - Neither 1 nor 2.
Conclusion:
The CPTPP is a free trade agreement between certain countries in the Asia-Pacific region, but it does not include all the members of APEC. The United States and China are not members of the CPTPP. It is important to have accurate information about the membership of international agreements in order to understand their scope and implications.
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Community Answer
Consider the following statements regarding the Comprehensive and Prog...
The United Kingdom recently agreed to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Why in News?
- UK will become the first new member, and the first in Europe, to join the CPTPP since it came into force in 2018.
About Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP):
- It is a free trade agreement (FTA) between 11 nations: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
- It was signed in March 2018.
- It succeeded the Trans-Pacific Partnership (TPP) after the United States withdrew from the TPP in 2017.
- All 11 countries of CPTPP are members of the Asia-Pacific Economic Cooperation (APEC).
What is the Asia-Pacific Economic Cooperation (APEC)?
- It is a forum of 21 Asia-Pacific economies established in 1989.
- Members: Australia; Brunei Darussalam; Canada; Chile; People's Republic of China; Hong Kong, China; Indonesia; Japan; Republic of Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; the Philippines; the Russian Federation; Singapore; Chinese Taipei; Thailand; the United States of America; Vietnam.
Hence both statements are not correct.
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Consider the following statements regarding the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP): It is a free trade agreement (FTA) between all the members of the Asia-Pacific Economic Cooperation (APEC). United States and China are also members of CPTPP.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?
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