{"id":1777,"date":"2024-03-29T21:21:43","date_gmt":"2024-03-29T15:51:43","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=1777"},"modified":"2024-04-03T07:11:19","modified_gmt":"2024-04-03T01:41:19","slug":"q-broad-based-trade-and-investment-agreement-btia-is-sometimes-seen-in-the-news-in-the-context-of-negotiations-held-between-india-and","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-broad-based-trade-and-investment-agreement-btia-is-sometimes-seen-in-the-news-in-the-context-of-negotiations-held-between-india-and","title":{"rendered":"Q.\u00a0\u2018Broad-based Trade and Investment Agreement (BTIA)\u2019 is sometimes seen in the news in the context of negotiations held between India and"},"content":{"rendered":"\n<ul class=\"mcq wp-block-list\">\n<li>European Union<\/li>\n\n\n\n<li>Gulf Cooperation Council<\/li>\n\n\n\n<li>Organization for Economic Cooperation and Development<\/li>\n\n\n\n<li>Shanghai Cooperation Organization<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Answer:<\/strong>&nbsp;<strong>(a) European Union<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"broadbased-trade-and-investment-agreement-btia\">Broad-based Trade and Investment Agreement (BTIA):<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>India and EU had launched talks for having a wide-ranging<strong>&nbsp;Free Trade Agreement (FTA)<\/strong>, officially called&nbsp;<strong>broad-based BTIA<\/strong>, long ago in 2007.<\/li>\n\n\n\n<li>The BTIA was proposed\u00a0<strong>to encompass trade in goods, services and investments<\/strong>.\n<ul class=\"wp-block-list\">\n<li>However, the talks stalled in 2013 over differences on market access and movement of professionals.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>India is one of the EU\u2019s important, if not the largest, trading partners due to the fact that India accounted for 13.5% of total trade in 2015-2016. Thus the&nbsp;<strong>BTIA is important for both the EU and India.<\/strong><\/li>\n\n\n\n<li>Both India and the&nbsp;European Union&nbsp;have been negotiating the Broad-based Trade and Investment Agreement for decades. The negotiations include many factors such as tariff reductions, market access and investments. The last rounds of negotiations happened in November 2013 and ever since then, the negotiations have been stonewalled. LAtest events like the Brexit and terminations of other overseas investment treaties might have a direct impact on the BTIA and negotiations are likely to resume in the becoming years.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read here:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/lotusarise.com\/gulf-cooperation-council-upsc\/\">Gulf Cooperation Council<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/lotusarise.com\/shanghai-cooperation-organization-upsc\/\">Shanghai Cooperation Organization<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/lotusarise.com\/india-eu-relations-upsc\/\">European Union<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/lotusarise.com\/organisation-for-economic-cooperation-and-development-oecd-upsc\/\">Organization for Economic Cooperation and Development (OECD)<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Answer:&nbsp;(a) European Union Broad-based Trade and Investment Agreement (BTIA): Read here:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[38],"years":[56],"class_list":["post-1777","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-indian-economy","years-56"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":38,"label":"Indian Economy"}],"years":[{"value":56,"label":"2017"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":38,"name":"Indian Economy","slug":"indian-economy","term_group":0,"term_taxonomy_id":38,"taxonomy":"post_tag","description":"","parent":0,"count":225,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=1777"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1777\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=1777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=1777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=1777"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=1777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}