Question
With reference to the ‘Trans-Pacific Partnership', consider the following statement
1. It is an agreement among all the Pacific Rim countries except China and Russia.
2. It is a strategic alliance for the purpose of maritime security only.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer:
D
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Explanation:
The Trans-Pacific Partnership (TPP) was a proposed trade agreement that aimed to deepen economic ties and promote trade and investment among a group of Pacific Rim countries. The agreement was negotiated between 12 countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam.
This does not cover all Pacific Rim countries.
Statement 2 is also incorrect. The TPP was primarily a trade agreement aimed at reducing trade barriers and promoting economic integration among the participating countries. It did not solely focus on maritime security or establish a strategic alliance for that purpose.