A proposed free trade agreement (FTA) between Israel and India will open up significant business opportunities for industries in both countries and boost bilateral trade and investment flows, Israeli Economy and Industry Minister Nir Barkat said.
He said that the two countries have signed terms of references (ToRs) on November 20 here to start negotiations for the agreement.
Barkat said that both counties have decided not to include sensitive areas in the FTA negotiations.
“Huge opportunities are there to boost trade and investments between the two countries. We are going to see huge growth in business,” Barkat told PTI.
He added that a lot of Israeli companies are interested in opening up subsidiaries in India, which can act as a gateway to Asia for them.
“People are now understanding that there are big opportunities (in India) because India’s tomorrow is not the India of yesterday,” he said, adding India is well positioned to compete with China.
The elements of ToRs include mar​A proposed free trade agreement (FTA) between Israel and India will open up significant business opportunities for industries in both countries and boost bilateral trade and investment flows, Israeli Economy and Industry Minister Nir Barkat said.
He said that the two countries have signed terms of references (ToRs) on November 20 here to start negotiations for the agreement.
Barkat said that both counties have decided not to include sensitive areas in the FTA negotiations.
“Huge opportunities are there to boost trade and investments between the two countries. We are going to see huge growth in business,” Barkat told PTI.
He added that a lot of Israeli companies are interested in opening up subsidiaries in India, which can act as a gateway to Asia for them.
“People are now understanding that there are big opportunities (in India) because India’s tomorrow is not the India of yesterday,” he said, adding India is well positioned to compete with China.
The elements of ToRs include mar ​Latest News [ SOBAN NEWS: International and National ]
