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India & Israel Kickstart Free Trade Talks
23 Nov
Summary
- India and Israel are initiating free trade agreement negotiations.
- Union Minister Piyush Goyal concluded a successful three-day visit.
- The agreement aims to boost trade, technology, and innovation.
- Bilateral investment is expected to increase following the talks.
Union Minister Piyush Goyal recently completed a productive three-day visit to Israel, marking a significant step forward in bilateral relations. During the visit, Terms of Reference were formally signed, initiating the process for negotiating a comprehensive free trade agreement between the two countries.
The discussions involved high-level meetings with Israeli ministers responsible for economy, finance, and agriculture. These engagements underscored a shared commitment to deepening cooperation in key sectors. The primary objective of the visit was to bolster ties in trade, technology, agriculture, and innovation, laying a robust foundation for future collaboration.
This strategic move is poised to facilitate the phased implementation of a free trade agreement, fostering greater economic synergy. Both nations anticipate a substantial increase in bilateral investment as a direct result of these strengthened diplomatic and economic ties, signaling a promising new chapter in India-Israel partnership.
