'Broad-based Trade and Investment Agreement (BTIA)' is sometimes seen in the news in the context of negotiations held between India and
A
European Union
Correct Answer
B
Gulf Cooperation Council
C
Organization for Economic Cooperation and Development
D
Shanghai Cooperation Organization
Explanation
The Broad-based Trade and Investment Agreement (BTIA) is the specific nomenclature for the comprehensive free trade agreement negotiations initiated between India and the European Union in 2007, covering goods, services, and investment. While the Gulf Cooperation Council (GCC) is a tempting alternative due to India’s significant trade ties with the region, negotiations with the GCC are categorized as a standard Free Trade Agreement (FTA) rather than the BTIA. The core concept being tested is India’s bilateral trade framework and the specific terminology used for its major international economic partnerships.
International Trade AgreementsIndia's Bilateral Trade AgreementsBroad-based Trade and Investment AgreementBTIAnegotiationsIndiaEuropean UnionGulf Cooperation CouncilOECDShanghai Cooperation Organization