Consider the following statements regarding Trans Pacific Partnership 1 It is a regional trading arr...........

International Affairs Other Regional Groupings

Consider the following statements regarding Trans-Pacific Partnership

1. It is a regional trading arrangement between the US, Japan, Canada, Australia, India, Singapore, Malaysia, Vietnam, Brunei, Peru, Chile and Vietnam.

2. TPP will affect India only in positive way.

3. It would establish uniform rules on corporations’ intellectual property, open the Internet and crack down on wildlife trafficking and environmental abuses.

Which of the above statements are correct?

1 and 3 only

1 and 2 only

3 only

1, 2 and 3.

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Explanation:

About the Trans-Pacific Partnership:
• The TPP is a regional trading arrangement between the US, Japan, Canada, Australia, New Zealand, Singapore, Malaysia, Vietnam, Brunei, Peru, Chile and Vietnam. The pact, yet to be ratified by each country, will result in the largest trading bloc with zero or low tariffs on most goods, easier investment norms and services flow but tougher IP rules and laws to protect corporate interests. The agreement covers 40% of the world’s economy..
• It also would establish uniform rules on corporations’ intellectual property, open the Internet and crack down on wildlife trafficking and environmental abuses.