Q223
Which one of the following statements about the Trans - Pacific Partnership (TPP) is/are correct? 1. The TPP was signed by 12 Pacific Rim Nations in the year 2015. 2. The TPP is likely to be a game - changer in global trade as member countries account for about 40% of global GDP. 3. India is a founder member of TPP. Select the correct answer using the code given below.
A.
1, 2 and 3
B.
1 and 2 only
AnswerC.
2 and 3 only
D.
1 only
Answer: Option B
Solution
Answer: Option B
Solution:
The Trans - Pacific Partnership (TPP), or Trans - Pacific Partnership Agreement, was a proposed trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the United States signed on 4 February 2016.