CSEET · Economic and Business Environment · Global Environment
The Regional Comprehensive Economic Partnership (RCEP), a large Asia-Pacific trade agreement, is one that India:
India chose not to join RCEP when the agreement was concluded in 2020. It had participated in negotiations but withdrew, citing concerns over widening trade deficits with member countries and inadequate protection for domestic sectors, so it is not a member of the bloc.
- AJoined as a founding member and ratified in 2020
- BChose to stay out of when negotiations concluded in 2020Correct
- CLeads as the permanent secretariat host
- DReplaced with a common currency arrangement
Explanation
India took part in the negotiations but decided in November 2020 not to join, citing concerns such as trade deficits and market access. The other options are incorrect because India is not a member and no such currency arrangement exists.
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