India is member of TTIP but not TPP.Select the correct answer from the following codes
A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer:D
India is member of TTIP but not TPP.Select the correct answer from the following codes
A. Only 1 B. Only 2 C. Both 1 and 2 D. Neither 1 nor 2
Explanation: The two major mega regionals are the Trans-Pacific Partnership (TPP), which has been signed but not yet ratified by member countries, and the Trans- Atlantic Trade and Investment partnership (TTIP), which is currently being negotiated. The TPP will cover 40 percent of global GDP2 and 33 percent of world trade3. TTIP, when concluded, will be a PTA between the United States and the European Community of 27 member states. India is not part of these groupings (although it has its own PTAs with members of TPP and TTIP) and will hence be outside these large trade zones.