India - EU Bilateral Trade and Investment Agreement (BTIA)

Q.  Which of the following is the key for the progress of the broad-based Bilateral Trade and Investment Agreement (BTIA) between the EU and India?
- Published on 04 Apr 16

a. Access to market
b. Nuclear Material Supply
c. Natural gas
d. Visa permits

ANSWER: Access to market
 
  • Obtaining greater access to the market for services in the European Union (EU) is key for the progress of the Broadbased Trade and Investment Agreement (BTIA) between the EU and India.
  • India has not been granted “data secure” status by the EU, and this has hampered the progress of negotiations around the liberalisation of trade in services in the BTIA talks. Being considered ‘data secure’ is crucial for a number of services especially in the IT and ITES sectors.
  • The contours of the discussions had recently been widened by the EU to involve investments, not just trade in goods and services, converting a free trade agreement into a broader scope trade and investment agreement. This has stalled the discussions on the BTIA.

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