With reference to the `Trans-Pacific Partnership`, consider the following statements : 1. It is an agreement among all the Pacific Rim countries except China and Russia. 2. It is a strategic alliance for the purpose of maritime security only. Which of the

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Q: 16 (IAS/2016)
With reference to the 'Trans-Pacific Partnership', consider the following statements :
1. It is an agreement among all the Pacific Rim countries except China and Russia.
2. It is a strategic alliance for the purpose of maritime security only.
Which of the statements given above is/are correct?

question_subject: 

General Knowledge

question_exam: 

IAS

stats: 

0,93,83,52,13,18,93

keywords: 

{'strategic alliance': [0, 0, 0, 1], 'agreement': [1, 0, 0, 0], 'maritime security': [0, 0, 0, 2], 'pacific rim countries': [0, 0, 0, 1]}

The correct answer is Option 4: Neither 1 nor 2.

Statement 1 is incorrect. The Trans-Pacific Partnership (TPP) is a trade agreement that was negotiated among 12 countries, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam. However, China and Russia are not members of the TPP. Therefore, the statement that the TPP is an agreement among all the Pacific Rim countries except China and Russia is incorrect.

Statement 2 is also incorrect. The TPP is not solely a strategic alliance for the purpose of maritime security. It is primarily a comprehensive trade agreement aimed at liberalizing trade and investment among member countries. It covers a wide range of areas, including not only trade in goods and services, but also intellectual property, labor and environmental standards, government procurement, and dispute settlement mechanisms. While maritime security may be an aspect of the TPP, it is not the primary purpose of the agreement.

Furthermore, the TPP has evolved over time. The original TPP was negotiated among 12 countries and was signed in 2016. However, the United States withdrew from the agreement in 2017, and the remaining 11 countries renegotiated and signed a revised version known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in 2018. The CPTPP retains most of the original TPP`s provisions, but with some suspended or modified clauses. It is important to note that the CPTPP also does not include China or Russia as members.

In conclusion, the correct answer is Option 4: Neither 1 nor 2, as both statements are incorrect. The TPP is a trade agreement among 12 countries, not all Pacific Rim countries, and it is not solely focused on maritime security, but rather aims to liberalize trade and investment in various areas.

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