Q1. With reference to the India–EU Free Trade Agreement concluded in January 2026, consider the following statements: 1. The agreement evolved from the Broad-Based Trade and Investment Agreement (BTIA), negotiations for which originally began in 2007. 2. Under the agreement, the EU has committed to eliminate duties on about 70.4% of its tariff lines immediately upon entry into force. 3. The 16th India–EU Summit at which the agreement was announced was held in Brussels. 4. The FTA negotiations were relaunched in 2022, ending a nine-year suspension that began in 2013. Which of the statements given above are correct?
- BTIA origin 2007
- EU immediate tariff elimination on ~70.4% of lines
- 16th Summit held in Brussels
- Relaunched 2022 after 9-year suspension
- A. 1, 2 and 4 only
- B. 1, 3 and 4 only
- C. 2 and 3 only
- D. 1, 2, 3 and 4