International Current Affairs MCQs - 2026-10-19

Modern FTAs typically go beyond tariff reductions to include provisions on investment protection, services trade, intellectual property rights, competition policy, and increasingly, sustainable development and digital trade, reflecting the comprehensive nature of the ASEAN-EU agreement finalized in 2026.

Both the European Union and the Association of Southeast Asian Nations are major economic players. The EU is one of the world's largest single markets, and ASEAN represents a dynamic and rapidly growing economic bloc with significant collective GDP and trade volume.

The ASEAN-EU FTA aims to reduce trade barriers, harmonize regulations, and foster greater economic cooperation, thereby boosting trade volumes and investment flows between the two significant economic blocs.

The G77 is a group of 77 developing countries that was founded to promote their collective economic interests and enhance their negotiating power in the United Nations. In 2026, the group has expanded significantly beyond its original 77 members.

India's stance on UNSC reforms is that the Council's structure does not reflect the current global realities and the significant contributions of developing nations. Reforms aim to make it more inclusive and representative.

India has consistently called for reforms in the UN Security Council to make it more representative of the current global geopolitical realities, including the voices of developing nations. This call was reiterated at the G77 Summit in 2026.