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      Question

      Which of the following best distinguishes a

      Comprehensive Economic Partnership Agreement (CEPA) from a Free Trade Agreement (FTA)? 
      A A CEPA is always bilateral, while an FTA can be multilateral Correct Answer Incorrect Answer
      B A CEPA covers goods, services, investment, intellectual property, and economic cooperation; an FTA primarily covers goods and tariffs Correct Answer Incorrect Answer
      C An FTA is broader than a CEPA and includes regulatory cooperation Correct Answer Incorrect Answer
      D A CEPA is applicable only to agricultural commodities, while an FTA covers manufactured goods Correct Answer Incorrect Answer
      E There is no practical difference between a CEPA and an FTA Correct Answer Incorrect Answer

      Solution

      Answer: (b) A CEPA is broader than an FTA — it covers goods, services, investment, intellectual property, and economic cooperation, while an FTA typically focuses on goods and tariffs.

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