W5P1 (article): Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Flashcards

1
Q

Which of the following is not a member of the CPTPP?
* New Zealand
* Peru
* Singapore
* South Korea

A

South Korea

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2
Q

Once the UK joins the CPTPP what % of the global GDP will the CPTPP be worth?
* 20%
* 15%
* 14%
* 10%

A

15%

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3
Q

Under the leadership of President … the USA negotiated joining the Trans-Pacific Partnership but on the first day of …’s Presidency the USA withdrew from the deal
* Barack Obama, Donald Trump
* Donald Trump, Joe Biden
* George W. Bush, Barack Obama
* Barack Obama, Joe Biden

A

Barack Obama, Donald Trump

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4
Q

What is the reason the UK’s deal to join the CPTPP has mixed reviews according to the article?
* Decreased tariffs could harm the domestic companies through cheaper international suppliers
* The CPTPP has little to offer the UK as it already has trade agreements with most of the member countries
* The USA withdrawing from the deal has reduced the public’s trust in the CPTPP
* The UK may be forced to lower standards on food and the environment

A

The UK may be forced to lower standards on food and the environment

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5
Q

Which is not a reason the UK wants to join the CPTPP?
* It will give the UK trade agreements with countries they previously didn’t
* It will help reduce the economic impact of Brexit
* It will boost the GDP by £1.8 billion
* Outlook on economic growth in the current market is bleak

A

It will give the UK trade agreements with countries they previously didn’t

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6
Q

True or false

The CPTPP allows member countries to keep tariffs on certain products of their choice

A

True

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7
Q

What year did the UK apply to the CPTPP?
* 2015
* 2017
* 2021
* 2023

A

2021

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8
Q

In 2022 how much did the UK make in exports to CPTPP countries?
* £40.8 billion
* £55.3 billion
* £60.5 billion
* £70.5 billion

A

£60.5 billion

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