Consider the following statements about the Regional Comprehensive Economic Partnership (RCEP):
1. It is an economic cooperation for 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 a 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
During the regional negotiation and trade policy evaluation stages of this agreement, RCEP was analyzed under all three dimensions:
1. It functioned effectively as a massive economic framework heavily supported and pushed by China to anchor free trade across the Asia-Pacific.
2. Geopolitically, it emerged as a strategic counter-alliance to the initial US-led Trans-Pacific Partnership (TPP).
3. One of India's key negotiation conditions was the liberalization of the services trade sector to expand the job market access for Indian professionals across member nations.
Therefore, according to standard test solutions, all three statements are correct.
1. It functioned effectively as a massive economic framework heavily supported and pushed by China to anchor free trade across the Asia-Pacific.
2. Geopolitically, it emerged as a strategic counter-alliance to the initial US-led Trans-Pacific Partnership (TPP).
3. One of India's key negotiation conditions was the liberalization of the services trade sector to expand the job market access for Indian professionals across member nations.
Therefore, according to standard test solutions, all three statements are correct.