UPSC CSE Prelims
Regional Trade Agreements Previous Year Questions (PYQs)
Practice solved questions for Regional Trade Agreements with detailed step-by-step solutions, key insights, and trend analysis for UPSC CSE PRELIMS.
Solved Previous Year Questions
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With reference to the ‘Trans-Pacific Partnership’, consider the following statements:
- It is an agreement among all the Pacific Rim countries except China and Russia.
- It is a strategic alliance for the purpose of maritime security only.
Which of the statements given above is/are correct?
Detailed Explanation:
Answer: Option 4 — Neither 1 nor 2
❌ Statement 1 – Incorrect: The Trans-Pacific Partnership (TPP) was not an agreement among all Pacific Rim countries. It was signed by only 12 nations: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the United States. Many other Pacific Rim countries such as South Korea, Indonesia, Colombia, Thailand, Philippines, Russia, and China were not part of this agreement.
❌ Statement 2 – Incorrect: The TPP was a comprehensive free trade agreement aimed at reducing trade barriers, promoting economic integration, and establishing common standards for intellectual property, labor rights, and environmental protection. It was not a strategic alliance for maritime security. After the U.S. withdrawal in 2017, the remaining 11 members formed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
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Related Topics in Indian Economy
International Monetary Fund (IMF)
AIIB and Other Institutions
World Bank and its Initiatives
World Trade Organization (WTO)
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Common questions about Regional Trade Agreements in UPSC CSE PRELIMS