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82

Question 82

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

AOptions

A
A) European Union
B
B) Gulf Cooperation Council
C
C) Organization for Economic Cooperation and Development
D
D) Shanghai Cooperation Organization

BSolution

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.

Diagram for Q82

CStrategy

For questions on international agreements or trade pacts, identify the key parties involved. Stay updated on major bilateral and multilateral agreements India is negotiating or has signed. Often, the name of the agreement itself or the context in which it appears in news will point to the relevant countries or blocs.

DSyllabus Analysis

This question falls under the Indian Economy and International Relations sections of the UPSC Prelims syllabus, specifically focusing on India's trade agreements and foreign policy engagements.

EQuestion Analysis

Easy. BTIA negotiations between India and the EU have been a long-standing and often-discussed topic in international trade news, making this a direct recall question.