5th Regional Comprehensive Economic Partnership (RCEP) intersessional ministerial meeting was held in

2018

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	China
B	South Korea
C	Malaysia
D	Japan

Explanation:

Detailed explanation-1: -The Fifth Regional Comprehensive Economic Partnership (RCEP) Intersessional Ministerial Meeting. 1. The Ministers from the 16 RCEP Participating Countries (RPCs) attended the 5th RCEP Intersessional Ministerial Meeting held on 1 July 2018 in Tokyo, Japan.

Detailed explanation-2: -RCEP, or Regional Comprehensive Economic Partnership, is an economic consensus of ASEAN (Association of Southeast Asian Nations) countries along with six other countries. This agreement was signed to increase economic cooperation in the region with the support of all the members.

Detailed explanation-3: -RCEP entered into force on 1 January 2022 for ten original parties: Australia, Brunei Darussalam, Cambodia, China, Japan, Laos, New Zealand, Singapore, Thailand and Vietnam. RCEP then entered into force for the Republic of Korea on 1 February 2022, for Malaysia on 18 March 2022 and for Indonesia on 2 January 2023.

Detailed explanation-4: -India pulled out of the pact in November 2019 after talks failed to address its concerns over issues like rules of origin, opening up of services etc. There were also fears of the flooding of Chinese imports in Indian markets.

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