The term ‘Regional Comprehensive Economic Partnership’ often appears in the news in the context of the affairs of a group of countries known as? G20? ASEAN? [2016]

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The term ‘Regional Comprehensive Economic Partnership’ often appears in the news in the context of the affairs of a group of countries known as

G2
ASEAN
SCO
SAARC

Explanation

Option (b) is correct

It is a free trade agreement (FTA) between the ten member states of ASEAN and its five FTA partners – Australia, China, Japan, New Zealand, and the Republic of Korea. It was signed in 2020. India did not join the grouping.
It accounts for about 30% of the world’s population and 30% of global GDP.

Infographic detailing ASEAN (Association of Southeast Asian Nations) with member countries, core aims, key agreements, challenges, and institutional mechanisms. Features a color-coded map highlighting member states, timelines of formation and membership, and key points on economic cooperation, regional security, and strategic goals.