Economics · International Economics
Which of the following statements about the Regional Comprehensive Economic Partnership (RCEP) is NOT correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Five RCEP participating nations (Australia, China, Indonesia, Japan, and South Korea) are G20 members.
- 2RCEP covers 45% of total global gross domestic product (GDP).✓
- 3India opted out and withdrew from RCEP negotiations in 2019.
- 4RCEP is a free trade agreement between ASEAN member states and its trade partners.
Correct answer
RCEP covers 45% of total global gross domestic product (GDP).
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