Question

Smaller nations joined the RIA for what particular reason?

a. None of these

b. Market access and creation of joint ventures with other developing nations

c. Market access and to deal more effectively with larger economies in multilateral trade talks and other areas

d. Market access and establishing trade and FDI relations with transition economies

Answer 1

Answer:

answer d is the correct option

Answer 2

The correct answer is option (c) Market access and to deal more effectively with larger economies in multilateral trade talks and other areas.

• RIA strengthens the integration of trade within a region and creates an appropriate environment for the development of the public and private sectors.
• They contribute to the development of the infrastructural programmes which boosts the economy of small nations.
• They contribute to the peace and security of a region and help it to get greater exposure by giving opportunities for interaction with other regions all over the world.