India's commerce chief updated Israeli leadership on negotiations toward a bilateral free trade pact during meetings that wrapped up a three-day diplomatic mission to strengthen economic ties between the nations. Piyush Goyal briefed Benjamin Netanyahu about discussions with Economy Minister Nir Barkat and forums involving more than 60 Indian business executives while conveying greetings from Narendra Modi.
The ministers signed terms of reference launching formal trade agreement talks structured around two implementation phases to accelerate commercial expansion and technology transfers. Goyal emphasized combining Israeli technical capabilities with Indian workforce depth and market scale across sectors spanning agriculture, water management, defense systems, scientific research and innovation platforms.
The trade framework aims to boost investment flows and collaborative development between the countries through their first such ministerial engagement in two decades.
The ministers signed terms of reference launching formal trade agreement talks structured around two implementation phases to accelerate commercial expansion and technology transfers. Goyal emphasized combining Israeli technical capabilities with Indian workforce depth and market scale across sectors spanning agriculture, water management, defense systems, scientific research and innovation platforms.
The trade framework aims to boost investment flows and collaborative development between the countries through their first such ministerial engagement in two decades.
