Consider the following statements about Regional Comprehensive Economic Programme (RCEP).
1. It is an economic cooperation for the China led free trade.
2. It is a counter cooperation for the America led trans-Pacific partnership.
3. In the countries involved in this cooperation Indian Professionals will have job market.
Select the correct answer using the codes given below:
- A1 and 2
- B1 and 3
- C2 and 3
- DAll of the above
Solution & Step-by-step Explanation
The Regional Comprehensive Economic Partnership (RCEP) is a major free trade agreement in the Asia-Pacific region.
* Statement 1 and 2 reflect its geo-economic framing during its negotiation phase, where it was often characterized as a China-backed regional alternative to the US-led Trans-Pacific Partnership (TPP).
* Statement 3 reflects India's primary domestic bargaining goal during the negotiations: securing greater market access for its services sector and opening up job markets for Indian professionals.
Hence, all statements are contextually aligned with the standard contemporary framework of the agreement.
* Statement 1 and 2 reflect its geo-economic framing during its negotiation phase, where it was often characterized as a China-backed regional alternative to the US-led Trans-Pacific Partnership (TPP).
* Statement 3 reflects India's primary domestic bargaining goal during the negotiations: securing greater market access for its services sector and opening up job markets for Indian professionals.
Hence, all statements are contextually aligned with the standard contemporary framework of the agreement.