CURRENT AFFAIRS

Detailed explanation-1: -Notes: China has applied to join the Asia-Pacific Free Trade Grouping composed of 11 countries to increase its influence in international politics.

Detailed explanation-2: -In addition to existing members-Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam-the following countries have applied. China submitted its CPTPP application on September 16, 2021, after two years of signaling its interest in joining the pact.

Detailed explanation-3: -The Trans-Pacific Partnership (TPP), or Trans-Pacific Partnership Agreement, was a highly contested proposed trade agreement between 12 Pacific Rim economies: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the United States.

Detailed explanation-4: -Asia-Pacific Trade Agreement (APTA) is a preferential regional trade agreement formerly known as the Bangkok Agreement. APTA aims to promote economic development of its members through the adoption of mutually beneficial trade liberalization measures that contribute to regional trade expansion and economic cooperation.