Recently, the USA decided to support India's membership in multilateral export control regimes called the "Australia Group" and the "Wassenaar Arrangement". What is the difference between them?\n1. The Australia Group is an informal arrangement which aims to allow exporting countries to minimize the risk of assisting chemical and biological weapons proliferation, whereas the Wassenaar- Arrangement is a formal group under the OECD holding identical objectives.\n2. The Australia Group comprises predominantly of Asian, African, and North American countries, whereas the member countries of Wassenaar Arrangement are predominantly from the European Union and American continents.

Correct Option: (D) Neither 1 nor 2

The Australia Group is an informal forum of countries which seeks to ensure that exports do not contribute to the development of chemical or biological weapons. The Wassenaar Arrangement is a voluntary export control regime whose members exchange information on transfers of conventional weapons and dual-use goods and technologies. It is not a formal group under the OECD. The Australia Group does not predominantly comprise Asian and African countries. Only India and Japan are the Asian countries in the group, and there is not a single African country. The Wassenaar agreement has members from various regions, including South Africa and Japan, but also includes many countries from the EU and Americas.