Tel Aviv : With India and Israel setting in motion the process for free trade agreement (FTA) negotiations, the trade pact will be a stepping stone to our shared prosperity, Commerce and Industry Minister Piyush Goyal has said.

After signing the Terms of Reference (ToR) with Israel’s Minister of Economy and Industry, Nir Barkat, in Tel Aviv to guide the negotiations for a FTA between India and Israel, Goyal said it is the first crucial step towards facilitating talks to “conclude a balanced, comprehensive, and mutually beneficial FTA to strengthen and enhance our trade, economic, and strategic partnership”.

“Our joint aim is to diversify and enhance bilateral trade, creating a larger market by identifying new areas of cooperation while addressing sensitivities across various sectors,” G

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