In a boost for India's trade outreach and the India-Israel bilateral relationship, both countries have signed the Terms of Reference (ToR) to kickstart negotiations for a potential Free Trade Agreement (FTA).

Currently in Israel, along with a delegation of over 60 businesspersons, India's Commerce and Industry Minister Piyush Goyal said that the proposed agreement will cover market access and liberalisation of trade, will progressively eliminate tariff barriers, and reduce non-tariff barriers by fast-tracking approvals and market access.

Discussions will include issues like investment, simplification of customs procedures, technology transfer, defence, space, fintech, agritech, AI, cyber security, R&D, innovation, fintech, and drip irrigation.

Stating that the services sector will gain

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