Consider the following statements about the Regional Comprehensive Economic Partnership (RCEP) :<br>1. It is a comprehensive free trade agreement between the ASEAN member States and ASEAN's free trade agreement partners.<br>2. India opted out of RCEP.<br>Which of the statements given above is/are <strong>correct</strong>?
- A. 1 only
- B. 2 only
- C. Both 1 and 2 ✓
- D. Neither 1 nor 2
Correct Answer: C. Both 1 and 2
Explanation
RCEP is a comprehensive free trade agreement between ASEAN and its partners. India opted out of the RCEP negotiations in 2019 to protect its domestic markets and farmers.
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