"Negotiations across number of tracks including trade in goods, services, investments. . .government procurement, customs cooperation and trade facilitation, competition and intellectual property rights are underway.
"Negotiations have been intensified," Commerce and Industry Minister Anand Sharma said in a written reply to the Lok Saha.
So far 15 rounds of negotiations have been held, he said.
Bilateral trade in goods and services and investment flows would be enhanced from the Broadbased Trade and Investment Agreement, he added.
"Government consults stakeholders including state governments, relevant ministries, industries, export promotion councils etc in order to develop India's negotiating strategy on a continuous basis as and when required," Sharma said.
The total trade between India and the 27-nation bloc stood at $94.43 billion during April-February 2012-13.
It aggregated to $109.86 billion in 2011-12.
Several rounds of meetings have already been held between the two sides since the negotiations for the BTIA were launched in June 2007 but both
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