Consider the following statements regarding the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP):
1. The United Kingdom became the first non-founding member state and the first European country to formally accede to the agreement.
2. The trade bloc operates through a permanent Secretariat established in Singapore to manage tariff schedules and dispute settlement.
Which of the statements given above is/are correct?
- 1 onlyCevap
- B2 only
- CBoth 1 and 2
- DNeither 1 nor 2
Cevap
1 only
The first statement is factually accurate as the United Kingdom completed its accession process to become the 12th member of CPTPP, marking the first addition to the trade bloc since its inception. The second statement is false because CPTPP relies on a rotating chairmanship model among member countries rather than maintaining a permanent secretariat in Singapore or elsewhere.
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Anahtar Kavram
CPTPP Institutional Structure and Accession Dynamics
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