lsquo Broad based Trade and Investment Agreement BTIA rsquo is sometimes seen in the news in the co...........

Economic Affairs Foreign Trade - Trends and Policy

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

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Explanation:

Negotiations for a free trade pact, formally called a Broad-based trade and investment agreement (BTIA), between the EU and India started in 2007, but were unofficially suspended in 2013 when both sides realised that no movement was happening on contentious matters.

EU has raised concern over what it called India’s “unilateral termination” of existing Bilateral Investment Treaties (BITs) with “a significant number of” EU-member countries.