BTIA negotiations between India and EU — UPSC Prelims PYQ 2017

Broad-based Trade and Investment Agreement (BTIA)’ is sometimes seen in the news in the context of negotiations held between India and

1. European Union
2. Gulf Cooperation Council
3. Organization for Economic Cooperation and Development
4. Shanghai Cooperation Organization

Explanation

Option (a) is correct

• India and the European Union began negotiations in 2007 for a Free Trade Agreement known as the Broad-based Trade and Investment Agreement (BTIA). The agreement aims to enhance trade, investment, and economic cooperation between India and the EU. Recently, both sides concluded a landmark Free Trade Agreement, marking a significant upgrade in their bilateral economic relations.

Answer: (a) European Union; Difficulty Level: Medium