Statements (1) and (2) about the Trans-Pacific Partnership (TPP) are correct. Twelve countries that border the Pacific Ocean signed up to the TPP in February 2016 that was drafted in 2015, representing roughly 40% of the world's economic output. The pact aimed to deepen economic ties between these nations, slashing tariffs and fostering trade to boost growth. India is a not a member of TPP. So, statement (3) is not correct