Question

Q. Broad-based Bilateral Trade and Investment Agreement (BTIA) is a trade agreement, being negotiated between

• A. India and the US
• B. India and Gulf Cooperation Council
• C. India and European Union
• D. India and China

Answer 1

The correct option is C India and European Union

Explanation:

• Negotiations for a comprehensive Free Trade Agreement (FTA) between the EU and India (Officially called- Broad Based Trade and Investment Agreement) were launched in 2007 and suspended in 2013 due to a gap in the level of ambition between the EU and India. It has been recently restarted.
• The BTIA broad trade arrangement covers many factors of trade in goods, services, and investment.
• India is one of the EU’s important, if not the largest, trading partners due to the fact that India accounted for 13.5% of total trade in 2015-2016. Thus the BTIA is important for both the EU and India.