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Q58 (IAS/1994) International Relations & Global Affairs › International Organisations & Groupings › International trade regimes Answer Verified

The latest regional economic block to be formed is

Result
Your answer: —  Â·  Correct: D
Explanation

Among the listed regional economic groupings, NAFTA is the most recently formed. APEC was established in 1989 as a Pacific‑rim regional forum [1], while NAFTA came into force later, implemented on January 1, 1994, making it chronologically later than APEC. ASEAN is a longstanding Southeast Asian association with established regional instruments and cooperation predating both APEC and NAFTA, as reflected in its accumulated agreements by the early 2000s [2]. Because NAFTA’s 1994 implementation postdates APEC’s 1989 founding and ASEAN’s earlier formation, NAFTA is the latest-formed bloc among the options provided.

Sources

  1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Asia-Pacific Economic Cooperation (APEC) > p. 550
  2. [2] Contemporary World Politics, Textbook in political science for Class XII (NCERT 2025 ed.) > Chapter 2: Contemporary Centres of Power > Association of South East Asian Nations (ASEAN) > p. 21
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