India and Israel have formally signed the Terms of Reference (ToR) to initiate negotiations for a Free Trade Agreement (FTA), marking a major step toward deepening bilateral economic cooperation.

The ToR was signed in Tel Aviv by India’s Minister of Commerce and Industry Piyush Goyal and Israel’s Minister of Economy and Industry Nir Barkat. The signing sets the framework that will guide structured negotiations between the two nations.

In a post on X, Goyal wrote, “Together with Nir Barkat, Minister of Economy and Industry of Israel, I signed the Terms of Reference (ToR) to guide the negotiations for a free trade agreement (FTA) between India and Israel today. This is the first crucial step towards facilitating talks to conclude a balanced, comprehensive, and mutually beneficial FTA to st

See Full Page