CURRENT AFFAIRS

Detailed explanation-1: -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-2: -Switzerland, China-Switzerland free trade agreement (2014) Australia, China-Australia Free Trade Agreement (2015) South Korea, China-South Korea Free Trade Agreement (2015) Georgia, China-Georgia Free Trade Agreement (2017)

Detailed explanation-3: -The new United States-Mexico-Canada Agreement (USMCA) will support mutually beneficial trade leading to freer markets, fairer trade, and robust economic growth in North America.

Detailed explanation-4: -#1 Singapore Read More About SingaporeSingapore’s economic freedom score is 84.4, making its economy the freest in the 2022 Index.

Detailed explanation-5: -A Free trade Agreement (FTA) is an agreement between two or more countries where the countries agree on certain obligations that affect trade in goods and services, and protections for investors and intellectual property rights, among other topics.