2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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China
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New Zealand
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Australia
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Singapore
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Detailed explanation-1: -The first round of RCEP negotiation was held on 9–13 May 2013 in Brunei.
Detailed explanation-2: -The Philippines and Myanmar are the only countries yet to ratify the Regional Comprehensive Economic Partnership (RCEP) after Indonesia cemented its membership of the China-backed trade deal this week.
Detailed explanation-3: -Leaders and Ministers from 15 RCEP economies announced the full conclusion of negotiations for RCEP and signed the agreement at a Summit on 15 November 2020. India withdrew from these negotiations in November 2019. There is a fast track accession process in place should India wish to re-join RCEP in future.
Detailed explanation-4: -The Regional Comprehensive Economic Partnership (“RCEP") Agreement is a Free Trade Agreement (“FTA”) between 15 countries: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, Viet Nam, Australia, China, Japan, Republic of Korea, and New Zealand.