2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the trade agreement recently expanded by the India - China?
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Preferential Trade Agreement(PTA)
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Security Agreement
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Cultural Agreement
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Water resource agreement
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Explanation:
Detailed explanation-1: -The Asia-Pacific Free Trade Agreement India and China do have an agreement as part of the 1975 Asia-Pacific Trade Agreement (APTA), a preferential trade arrangement formerly known as the Bangkok Agreement.
Detailed explanation-2: -Under the deal, China agreed to expand purchases of certain US goods and services by $200 billion for the two-year period from January 1, 2020, through December 31, 2021, above 2017 baseline levels.
Detailed explanation-3: -The United States-Mexico-Canada Agreement (USMCA) entered into force on July 1, 2020. The USMCA, which substituted the North America Free Trade Agreement (NAFTA) is a mutually beneficial win for North American workers, farmers, ranchers, and businesses.
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