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

1. A. G2O
2. B. ASEAN
3. C. SCO
4. D. SAARC

Answer: B

Explanation

Regional Comprehensive Economic Partnership (RCEP) Agreement among ASEAN + Six FTA Partners (Australia, China, India, Japan, South Korea and New Zealand): Based on the Declaration of the Leaders during the ASEAN Summit in November 2012, negotiations for a comprehensive economic partnership between the 10 ASEAN member states and its six FTA partners commenced in May 2013. Ten rounds of negotiations have so far been held. The 10th round was held from 8 to16 October 2015 in Busan, Korea. The negotiations cover a number of areas like trade in goods, services, investment, intellectual property, economic and technical cooperation, competition, e-commerce and legal and institutional issues. Papua New Guinea is not a member of ASEAN.