The US President in 2017 has signed an executive order for US withdraw

The US President in 2017 has signed an executive order for US withdrawal from a trade organization of the Pacific region. Identify the organization from the following :

[amp_mcq option1=”Asia-Pacific Economic Cooperation (APEC)” option2=”Trans-Pacific Partnership (TPP)” option3=”Free-Trade Agreement of the Asia-Pacific (FTAAP)” option4=”Regional Comprehensive Economic Partnership (RCEP)” correct=”option2″]

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UPSC CAPF – 2017

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In 2017, the US President signed an executive order for the US withdrawal from the Trans-Pacific Partnership (TPP).

The Trans-Pacific Partnership (TPP) was a major trade agreement among twelve Pacific Rim countries. The US was a key negotiator and signatory, but President Donald Trump fulfilled a campaign promise by withdrawing the US shortly after taking office in January 2017.

APEC (Asia-Pacific Economic Cooperation) is a forum for member economies to promote trade and investment. FTAAP (Free-Trade Agreement of the Asia-Pacific) is a proposed future free trade agreement. RCEP (Regional Comprehensive Economic Partnership) is a trade agreement involving ASEAN and its five major trading partners (including China, Japan, South Korea, Australia, and New Zealand, but not the US). The US withdrawal in 2017 specifically concerned the TPP, which was subsequently reformed into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) by the remaining eleven countries.

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