UPSC 2016EconomyModerate

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

G20

ASEAN

Correct Answer

SCO

SAARC

Explanation

RCEP is a mega-regional free trade agreement initiated by the 10 member states of **ASEAN** to consolidate their existing trade partnerships with five external nations (China, Japan, South Korea, Australia, and New Zealand). While the **G20** is a prominent global economic forum frequently in the news, it is not a formal trade bloc and does not serve as the foundational group for RCEP. The core concept being tested is the identification of major **regional economic integration** frameworks and trade blocs in the Asia-Pacific region.

International RelationsRegional Economic GroupingsRegional Comprehensive Economic PartnershipRCEPASEANG20SCOSAARC

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