Civil Services Prep

Prelims 2017 · Economy · Question 32

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

  1. European Union
  2. Gulf Cooperation Council
  3. Organization for Economic Cooperation and Development
  4. Shanghai Cooperation Organization

Answer

European Union

  • (a) European Union — Correct. BTIA refers to the proposed India–EU free trade and investment pact; it has often appeared in news due to India-EU negotiations.
  • (b) Gulf Cooperation Council — Incorrect. India has discussed an FTA with the GCC, but it is not called BTIA.
  • (c) Organization for Economic Cooperation and Development — Incorrect. OECD is a policy forum, not a bloc with which India negotiates a BTIA.
  • (d) Shanghai Cooperation Organization — Incorrect. SCO is a regional political-security grouping; BTIA is not associated with India-SCO negotiations.
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