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India and Israel signed the Terms of Reference for negotiations for a Free Trade Agreement on Thursday. Goyal also held a bilateral meeting with Nir Barkat, Israel's Minister of Economy and Industry in Tel Aviv.
Israel's Minister of Economy and Industry Nir Barkat on Thursday described India as a "huge giant" and an emerging "great power", asserting that there is "huge potential" for deeper economic collaboration between the two nations after signing the Terms of Reference (ToR) to fast-track negot
India and Israel have formally signed the Terms of Reference (ToR) to begin negotiations for a Free Trade Agreement (FTA), marking a significant step toward strengthening economic ties between the two countries.
India and Israel on Monday signed a Bilateral Investment Agreement (BIT) here in the national capital, aimed at enhancing reciprocal investments and strengthening economic cooperation between the countries.
Nir Barkat said that FTA between Israel and India will be discussed with the Indian ministers today.Pointing that India is on track to become the world's third-largest economy, the minister said that the FTA should be in various sectors, including agro-tech and health tech.