Which of the following statements is/are correct regarding the India-EU Free Trade Agreement?
1. The negotiations for the trade pact were originally launched in 2007 as the Broad-based Trade and Investment Agreement (BTIA).
2. The 2026 agreement immediately eliminates all tariffs on European dairy products entering the Indian market.

Question

Accepted Answer

A. 1 only — Statement 1 is correct as the initial BTIA talks began in 2007. Statement 2 is incorrect because the agreement preserves protections for sensitive Indian agricultural sectors, including dairy, preventing immediate zero-tariff imports.

India and European Union Conclude Free Trade Agreement

Launch of Ek Ghanta Khel ke Maidan Main Campaign