The progress on the proposed India-?Israel free trade agreement (FTA) is expected to be reviewed during Commerce and Industry Minister Piyush Goyal’s three-day visit to Tel Aviv this week, an official statement said on Wednesday.
The minister is leading a 60-member business delegation to Israel, where he would hold discussions with leaders and businesses on ways to boost bilateral trade, investments, and promote innovation. The visit would conclude on November 22.
“Progress on the proposed India-?Israel FTA is also expected to be reviewed,” the commerce ministry said.
India and Israel are negotiating the agreement since May 2010. Eight rounds have been held so far. In October 2021, the two countries agreed to resume the negotiations.
During 2024-25, India’s exports to that country dipped 52 per cent to USD 2.14 billion from USD 4.52 billion in 2023-24. Imports, too, fell 26.2 per cent to USD 1.48 billion last fiscal year.
India is Israel’s second-largest trading partner in Asia. .​The progress on the proposed India-?Israel free trade agreement (FTA) is expected to be reviewed during Commerce and Industry Minister Piyush Goyal’s three-day visit to Tel Aviv this week, an official statement said on Wednesday.
The minister is leading a 60-member business delegation to Israel, where he would hold discussions with leaders and businesses on ways to boost bilateral trade, investments, and promote innovation. The visit would conclude on November 22.
“Progress on the proposed India-?Israel FTA is also expected to be reviewed,” the commerce ministry said.
India and Israel are negotiating the agreement since May 2010. Eight rounds have been held so far. In October 2021, the two countries agreed to resume the negotiations.
During 2024-25, India’s exports to that country dipped 52 per cent to USD 2.14 billion from USD 4.52 billion in 2023-24. Imports, too, fell 26.2 per cent to USD 1.48 billion last fiscal year.
India is Israel’s second-largest trading partner in Asia. . ​Latest News [ SOBAN NEWS: International and National ]
