FTA - Current Affairs Questions and Answers

1)   India and France have expressed strong commitment for stalled negotiations for proposed FTA. The negotiations for the free trade pact have been upheld since May 2013 through BTIA. What does BTIA stand for?

a. Broad Based Trade and Investment Agreement
b. Broad based Trading and Investing Agreement
c. Bank based Trading and Investing Agreement
d. Bank based Trading and Investment Agreement
Answer  Explanation 

ANSWER: Broad based Trading and Investing Agreement

Explanation:
India and France have expressed strong commitment for early resumption of stopped negotiations for proposed FTA between India and the EU. France and India are committed to bring about continuation of negotiations as quickly as possible. The free trade pact dubbed BTIA or Broad Based Trade and Investment Agreement. has been upheld since May 2013. Both sides failed to bridge substantial gaps on crucial issues.

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