Which of the following are incorrectly matched Schengen Agreement 1985 creation of open borders...........

Current General Knowledge (CLAT) Others

India and the European Union (EU) may announce some progress in negotiations relating to a broad-based trade and investment agreement during the India-EU summit scheduled for 8 May.

Prime Minister Narendra Modi’s meeting with EU leaders in Portugal will be an opportune moment for both sides to announce a possible way forward, said Klas Molin, Sweden’s ambassador to India in a recent interview. “Clearly the EU would like to see a comprehensive free-trade agreement (FTA), including investment protection in it... It’s for the (European) Commission to negotiate but we would like to make progress.

During the India-EU summit in July 2020 a high-level mechanism was set up with Union trade minister –1--helming deliberations for India, while the executive vice-president and commissioner for trade Valdis Dombrovskis led the EU delegation. The two sides had last met in February for talks.

Terming the developments leading up to the high-level commission as "positive", the Swedish diplomat shared that there may be some announcements, given that the covid-19 situation does not act as a hindrance and the summit takes place, as planned.

“Sweden is heavily trade dependent. 50% of our gross domestic product (GDP ) is derived from our export industry. Naturally, fair and transparent predictable norms are important to us," Molin added.

“You have a few FTAs and I know there is concern that your trade deficits have increased after you have entered into these free trade agreements. Naturally that needs to be addressed," he said while adding that parties only enter agreements that are agreeable to them.

India and EU began negotiations on an FTA in 2007 but in 2013, it came to a halt due to differences over tariff levels of wines and spirits, auto components and data security. Since then, there have been efforts to resume discussions but progress has been sluggish.

Which of the following are incorrectly matched?

Schengen Agreement (1985)- creation of open borders without passport controls
Single European Act (1986)- Economic merger and the establishment of a single European currency
The Maastricht Treaty-1992- establishment of the European Central Bank (ECB)

Choose the correct answer by using the codes given below

Only 1 and 2

Only 1 and 3

Only 2 and 3

All of these

Explanation:

Schengen Agreement (1985) paved the way for the creation of open borders without passport controls between most member states. It was effective in 1995. Single European Act (1986): enacted by the European Community that committed its member countries to a timetable for their economic merger and the establishment of a single European currency and common foreign and domestic policies. The Maastricht Treaty-1992 (also called the Treaty on European Union) was signed on 7 February 1992 by the members of the European Community in Maastricht, Netherlands to further European integration. It received a great push with the end of the Cold War.