With reference to Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) consider the following statements:1.It is a type of free trade agreement (FTA).2.It evolved from the Trans-Pacific Partnership (TPP) which was never ratified due to the withdrawal of the United States.Select the correct statements using the codes given below:

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Q. With reference to Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) consider the following statements:
1.It is a type of free trade agreement (FTA).
2.It evolved from the Trans-Pacific Partnership (TPP) which was never ratified due to the withdrawal of the United States.
Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Notes:

Explanation –

Statement 1 and 2 are correct. CPTPP is a free trade agreement (FTA) between 11 countries: Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam. It was signed in 2018 in Santiago, Chile. The UK has recently agreed to join CPTPP. It evolved from the Trans-Pacific Partnership (TPP) which was never ratified due to the withdrawal of the United States.

Source: ForumIAS

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