Q. The “Comprehensive Economic Partnership Agreement (CEPA)” signed by India with which of the following country/countries?
1.Japan
2.South Korea
3.Australia
How many of the statements given above are correct?
Answer: B
Notes:
Explanation: While a traditional Free Trade Agreement (FTA) focuses mainly on goods; a CEPA is more comprehensive and ambitious in terms of a holistic coverage of many areas like services, investment, IPR, government procurement, disputes etc.
India-UAE Comprehensive Economic Partnership Agreement (CEPA) completed one year. India has also signed CEPA with Japan and South Korea.
Source: FORUMIAS
