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Which of the following trade alliances is likely to promote economic cooperation between Australia, Russia, and Thailand?Multiple ChoiceThe Asia-Pacific Economic Cooperation (APEC)The Association of Southeast Asian Nations (ASEAN)The European Economic Community (EEC)United States–Mexico–Canada Agreement (USMCA)

Question

Which of the following trade alliances is likely to promote economic cooperation between Australia, Russia, and Thailand?Multiple ChoiceThe Asia-Pacific Economic Cooperation (APEC)The Association of Southeast Asian Nations (ASEAN)The European Economic Community (EEC)United States–Mexico–Canada Agreement (USMCA)

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Solution

The Asia-Pacific Economic Cooperation (APEC) is the trade alliance that is likely to promote economic cooperation between Australia, Russia, and Thailand. Here's why:

  1. APEC includes 21 members from the Pacific Rim, including Australia and Russia. Although Thailand is not a member of APEC, it is a part of the Asia-Pacific region and has strong economic ties with many APEC members.

  2. APEC's main goal is to promote economic cooperation and trade liberalization in the Pacific Rim. This makes it the most suitable alliance for promoting economic cooperation between these three countries.

  3. The other options are less suitable. The Association of Southeast Asian Nations (ASEAN) does not include Australia or Russia. The European Economic Community (EEC) is focused on Europe, not the Asia-Pacific. The United States–Mexico–Canada Agreement (USMCA) is a trade agreement between those three countries only.

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