Recently launched Regional Comprehensive Economic Partnership, RCEP is the largest regional trading block at present. Which of the following countries is NOT a member of this free trade agreement?
Options
AAustralia
BNew Zealand
CBrunei
DBangladesh
Show AnswerHide Answer
Correct Answer
DBangladesh
Model Answer
The Regional Comprehensive Economic Partnership was introduced at the 19th ASEAN meet, which was held between 14–19 November 2011.
RCEP is a proposed free trade agreement in the Indo-Pacific region between the ten member states of the Association of Southeast Asian Nations (ASEAN), and five of ASEAN's FTA partners.
Given below is the list of all ASEAN countries
Brunei
Cambodia
Indonesia
Laos
Malaysia
Myanmar
the Philippines
Singapore
Thailand
Vietnam
Given below is the list of ASEAN's FTA partners
Australia
China
Japan
New Zealand
South Korea
Additional Information
RCEP aims to create an integrated market with its members, making it easier for products and services of each of these countries to be available across this region.
India, which is additionally ASEAN's FTA partner, opted out of RCEP in November 2019 because of concerns about getting swamped by imports under the agreement, putting its domestic industry and agriculture in danger.
A map of Asia and the Pacific with the RCEP members shaded dark and named, including China, Japan, South Korea, Australia, New Zealand and ASEAN countries, with India in a lighter shade.
