'Broad-based Trade and Investment Agreement (BTIA)' is sometimes seen in the news in the context of negotiations held between India and
- AEuropean UnionCorrect
- BGulf Cooperation Council
- COrganization for Economic Cooperation and Development
- DShanghai Cooperation Organization
Explanation
The 'Broad-based Trade and Investment Agreement (BTIA)' refers to a proposed Free Trade Agreement (FTA) between India and the European Union (EU).
Negotiations for the BTIA began in 2007, aiming to create an extensive trade and investment pact that would cover trade in goods, services, and investment. Although negotiations faced several hurdles and were suspended for some time, the BTIA has been a significant point of discussion in India's trade relations with the EU, which is one of India's largest trading partners.
Therefore, the term is seen in the context of negotiations between India and the European Union.
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