2017 · Q19
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 among the following:
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- AAsia-Pacific Economic Cooperation (APEC)
- BTrans-Pacific Partnership (TPP)
- CFree-Trade Agreement of the Asia Pacific (FTAAP)
- DRegional Comprehensive Economic Partnership (RCEP)
Explanation
In January 2017 US President Donald Trump signed an executive order withdrawing the United States from the Trans-Pacific Partnership (TPP), the 12-nation Pacific-rim trade pact. APEC is a cooperation forum rather than a trade agreement, while FTAAP and RCEP are different constructs. Hence (B).