CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
With which country EU parliament approved ’world’s largest’ free trade deal?
A
Japan
B
China
C
Australia
D
Germany
Explanation: 

Detailed explanation-1: -Towards open and fair world-wide trade The European Union is one of the most outward-oriented economies in the world. It is also the world’s largest single market area. Free trade among its members was one of the EU’s founding principles, and it is committed to opening up world trade as well.

Detailed explanation-2: -The European Union and Japan have signed the Economic Partnership Agreement, a comprehensive trade agreement including goods, services and investment, eliminating tariffs, non-tariff barriers and other trade-related issues, such as public procurement, regulatory issues, competition, and sustainable development.

Detailed explanation-3: -After its exit from the EU, the UK still has 35 trade agreements to its name, the highest after the EU countries. Next up were Iceland and Switzerland with 32 agreements, Norway with 31 and Liechtenstein and Chile with 30 trade deals.

There is 1 question to complete.