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Dr Ray
Business English

Asian Free Trade Agreement


For the exercises below, select the word from the pull-down menu to complete the sentences.
Fifteen Asian and Pacific countries have 1 the world's biggest 2 deal. It is called the Regional Comprehensive Economic Partnership (RCEP). The countries include 10 Southeast Asian 3 along with China, Japan, South Korea, Australia and New Zealand. These countries 4 around 30 per cent of the global economy.

The idea for the RCEP started in 2012. The governments have been talking to each other since then. China was key in 5 the deal 6 to help economies to recover from 7 caused by the coronavirus pandemic. An economics 8 said that “the pandemic has reminded the region of why trade matters and governments are more 9 than ever to have 10 economic growth."

AnswerFifteen Asian and Pacific countries have signed the world's biggest free trade deal. It is called the Regional Comprehensive Economic Partnership (RCEP). The countries include 10 Southeast Asian economies along with China, Japan, South Korea, Australia and New Zealand. These countries account for around 30 per cent of the global economy.

The idea for the RCEP started in 2012. The governments have been talking to each other since then. China was key in pushing the deal forward to help economies to recover from economic slump caused by the coronavirus pandemic. An economics expert said that “the pandemic has reminded the region of why trade matters and governments are more eager than ever to have positive economic growth."

Leaders of the 15 governments believe the free trade deal will help their countries and the Asia- Pacific 1 . The Chinese Premier said: "The fact the RCEP has been signed after eight years of 2 brings a ray of light and hope 3 the clouds." He added: "It clearly shows that multilateralism is the right way, and represents the right direction of the global economy and humanity's 4 ."

A South Korea 5 said: "We believe that the RCEP, being the world's largest free trade 6 , represents an important step forward toward an ideal 7 of global trade and investment." He said the deal included, "a 8 mix of developed, developing and least developed economies."

Answer

Leaders of the 15 governments believe the free trade deal will help their countries and the Asia- Pacific region. The Chinese Premier said: "The fact the RCEP has been signed after eight years of negotiations brings a ray of light and hope amid the clouds." He added: "It clearly shows that multilateralism is the right way, and represents the right direction of the global economy and humanity's progress."

A South Korea representative said: "We believe that the RCEP, being the world's largest free trade arrangement, represents an important step forward toward an ideal framework of global trade and investment." He said the deal included, "a diverse mix of developed, developing and least developed economies."

From the menu select the synonym (similar word)

1. comprehensive 1

2. along with 2

3. global 3

4. key 4

5. growth 5

6. help 6

7. right 7

8. direction 8

9. arrangement 9

10. diverse 10

Answer

1. comprehensive full

2. along with as well as

3. global worlwide

4. key important

5. growth development

6. help aid

7. right correct

8. direction way

9. arrangement agreement

10. diverse various

From the select menus, complete these phrases from the article.

1. countries have signed the world's biggest 1

2. account for 2

3. reminded the region of why trade 3

4. governments are more eager 4

5. have positive economic 5

6. a ray of light 6

7. the right 7

8. an ideal framework 8

9. a diverse 9

10. developing and least developed 10

Answer

1. countries have signed the world's biggest free trade deal

2. account for around 30 percent

3. reminded the region of why trade matters

4. governments are more eager than ever

5. have positive economic growth

6. a ray of light and hope

7. the right direction

8. an ideal framework of global trade

9. a diverse mix

10. developing and least developed economies

Scrambled Words. Select the unscrambled word from the menu.
1. Asian and Pacific countries have igedsn 1
2. These countries otcaunc for around 30 per 2
cent
3. An economics xeterp 3
4. reminded the onerig of why trade matters 4
5. governments are more rgaee than ever 5
6. positive ocoimcen growth 6
7. eight years of oioteansntig 7
8. represents the right crdnteioi 8
9. humanity's prsgsero 9
10. an ideal krwfraemo 10
11. global trade and ttmnneeisv 11
12. a evidser mix 12
Answer1. Asian and Pacific countries have igedsn signed
2. These countries otcaunc for around 30 per account
cent
3. An economics xeterp expert
4. reminded the onerig of why trade matters region
5. governments are more rgaee than ever eager
6. positive ocoimcen growth economic
7. eight years of oioteansntig negotiations
8. represents the right crdnteioi direction
9. humanity's prsgsero progress
10. an ideal krwfraemo framework
11. global trade and ttmnneeisv investment
12. a evidser mix diverse

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