TEL AVIV/ NEW DELHI: India and Israel on Thursday inked terms of reference (ToR) to formally launch negotiations for a free trade agreement, commerce & industry minister Piyush Goyal said. The ToR, which will be the basis for talks, includes market access for goods by eliminating tariff and non-tariff barriers, investment facilitation, simplification of customs procedures, increasing cooperation for innovation and technology transfer, and easing norms to promote trade in services. "Now we will soon finalise the dates for starting the negotiations for that... Given the complementarities and challenges faced by the two countries, this can be a good basis for bilateral trade relations and open new opportunities," the minister said. Goyal, who is leading a 60-member business delegation,

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