CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country cancelled the 2021 Asia-Pacific Economic Cooperation forum due to the COVID-19 pandemic and is opting to lead a virtual summit?
A
Australia
B
New Zealand
C
Germany
D
Canadda
Explanation: 

Detailed explanation-1: -About APEC 2021 As APEC 2021 host, New Zealand set an agenda focused on policies to manage the economic and health effects of COVID-19 and to help communities recover.

Detailed explanation-2: -Abhijit Singh replies: The ostensible reason for India’s non-inclusion in the APEC is its extra-regional status. APEC is essentially a group of ‘Pacific’ countries that came together in 1989 to form an economic community.

Detailed explanation-3: -Participants. This will be the first APEC Meeting for Australian Prime Minister Anthony Albanese, Chilean President Gabriel Boric, Philippine President Bongbong Marcos, and Hong Kong Chief Executive John Lee after their inaugurations on 23 May 2022, 11 March 2022, 30 June 2022, and 1 July 2022, respectively.

Detailed explanation-4: -Asia-Pacific Economic Cooperation (APEC) is a forum of 21 Asia-Pacific economies. APEC’s member economies are home to more than 2.9 billion people and make up over 60 per cent of global GDP. APEC partners make up around 75 per cent of Australia’s total trade in goods and services.

There is 1 question to complete.