Question

The Regional Comprehensive Economic Partnership includes more than a dozen members. However, India, which has one of the largest economies in Asia, decided not to join the agreement. Instead, it kept its tariffs in place. India expressed concerns that its businesses and farmers would face too much competition from China, Australia, and New Zealand.

India’s trade policy regarding the partnership can be described as

diversified.
free market.
protectionist.
single resource.

Answer 1

protectionist.