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India and Israel Sign Terms to Relaunch Free Trade Talks

The new framework restarts formal FTA talks after a four-year pause.

Overview

  • The signed terms set an agenda covering market access for goods by tackling tariff and non-tariff barriers, liberalizing services, facilitating investment, simplifying customs, and expanding innovation and technology cooperation.
  • Both governments said agreed sensitive areas will be excluded from the negotiations.
  • Piyush Goyal led an Indian business delegation of about 60 companies and joined a CEOs forum in Tel Aviv to drive private-sector engagement.
  • Officials spotlighted startup collaboration in cybersecurity, medical devices, mobility and low‑carbon steel, with Goyal proposing a possible IndiaIsrael startup bridge.
  • Bilateral trade peaked at roughly $10.77 billion in 2022–23 and has since fallen, a backdrop to the push to broaden and stabilize economic ties.