Which Asian Economy is set to ratify its membership of the Regional Comprehensive Economic Partnership (RCEP) in 2022?

  • A. Bangladesh
  • B. Indonesia
  • C. Sri Lanka
  • D. Thailand

Correct Answer: B. Indonesia

Indonesia, Southeast Asia’s largest economy, will likely ratify its membership of the Regional Comprehensive Economic Partnership (RCEP). China-backed RCEP, the world’s biggest trade association, entered into force on January 1, 2022. Seven nations in Southeast Asia, as well as Australia, China, Japan, New Zealand, and South Korea, ratified the pact earlier this year.

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