Overview
- Commerce Minister Piyush Goyal said both sides are considering a two-tranche rollout that prioritises quick wins while setting aside sensitive issues for later.
- The signed terms of reference formally restart negotiations after a decade-long pause and include tariff and non-tariff barrier cuts, simpler customs and investment facilitation.
- Goyal met Prime Minister Benjamin Netanyahu, President Isaac Herzog and key ministers while leading a 60‑member business delegation for forums that generated more than 250 B2B meetings.
- The Global Trade Research Initiative urged a focus on strategic sectors such as defence manufacturing, semiconductors, water technology, precision agriculture and cybersecurity, noting modest goods trade of about USD 3.6 billion in FY2025.
- Israel has issued pre-qualification documents for a USD 50 billion Tel Aviv metro project, with Goyal encouraging Indian firms to participate in the bidding.