GS PrelimsEconomyExternal Sector2017

'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

B

Gulf Cooperation Council

C

Organization for Economic Cooperation and Development

D

Shanghai Cooperation Organization

Correct Answer: Option A

Explanation

1. The 'Broad-based Trade and Investment Agreement' (BTIA) is the name for a proposed comprehensive Free Trade Agreement between India and the European Union (EU). 2. Negotiations for this agreement have been ongoing since 2007, although they have faced various hurdles. 3. The term 'BTIA' is frequently seen in the news specifically in the context of these bilateral talks between India and the EU. 4. The other organizations listed (Gulf Cooperation Council, Organization for Economic Cooperation and Development, Shanghai Cooperation Organization) have different engagements with India, but BTIA specifically refers to the India-EU negotiation.

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