Indian Institute of Foreign Trade 2017 Solved Paper

Question : 106 of 114

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Which of the following is not correct about Regional Comprehensive Economic Partnership (RCEP)?

It is a Free Trade Agreement of 16 countries of Asia Pacific Region including India.
Member states account for a population of 3.4 billion people with a total Gross Domestic Product (GDP) of $\$$ 49.5 trillion (at PPP).
RCEP potentially includes more than 3 billion people or 45% of the world's population.
Combined GDP of negotiating member states is about $\$$ 21.3 trillion, accounting for about 40 percent of world trade.

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