66. With reference to the 'Trans-Pacific Partnership', consider the following statements:
- It is an agreement among all the Pacific Rim countries except China and Russia.
- It is a strategic alliance for the purpose of maritime security only.
Which of the statements given above is/are correct?
Explanation: D. All 12 Pacific Rim Countries have signed Trans - Pacific Partnership (TPP) agreement. These 12 countries are: Singapore, Malaysia, Vietnam, Brunei, Darussalam, Japan, Canada, United States, Mexico, Peru, Chile, Australia and New Zealand. Objectives of TPP: Lower track barriers such as tariffs; Establish a common framework for intellectual property; Enforce standards for labour low and environmental low; Establish an investor - state dispute settlement mechanism.