India and Israel Negotiate Free Trade Agreement for Goods and Services

India and Israel are negotiating a Free Trade Agreement (FTA) designed to expand economic cooperation across both goods and services. Ofir Amami, the Head of the Economic and Commercial Mission at the Embassy of Israel, confirmed that both nations possess a strong will to advance the pact. Amami noted that while the process is ongoing, specific details must remain confidential until the agreement is finalized.

The negotiations are part of a broader strategy to diversify the bilateral relationship. Amami attributed the momentum of these trade discussions to the proactive role of Indian Minister Piyush Goyal, who has been instrumental in driving the agreements forward. The goal is to transition the partnership from a primary focus on defense cooperation toward deeper private sector engagement.

Beyond the trade pact, the two countries are actively expanding collaboration in high-technology sectors. Current efforts focus on integrating partnerships in artificial intelligence, telecommunications, and cyber security. These initiatives aim to create a more robust economic framework that leverages the technological strengths of both nations to foster innovation and commercial growth.