Broad-based Trade and Investment Agreement (BTIA)’ is sometimes seen in the news in the context of negotiations held between India and
Correct answer: A
Explanation
The Broad-based Trade and Investment Agreement (BTIA) is a comprehensive free trade agreement being negotiated between India and the European Union (EU). Negotiations were initiated in June 2007 and cover a wide range of sectors including trade in goods, trade in services, and investment. The agreement aims to increase bilateral trade by removing 90% of tariffs and addressing non-tariff barriers, though negotiations have faced delays over issues like market access for automobiles, spirits, and the movement of professionals (Mode 4).