November 20, 2025 10:19 PM

India, Israel sign Terms of Reference to begin Free Trade Agreement negotiations

India and Israel have formally signed the Terms of Reference (ToR) to initiate negotiations for a Free Trade Agreement (FTA), marking a major step toward deepening bilateral economic cooperation. The ToR was signed in Tel Aviv by India’s Minister of Commerce and Industry Piyush Goyal and Israel’s Minister of Economy and Industry Nir Barkat. The signing sets the framework that will guide structured negotiations between the two nations. In a post on X, Goyal wrote, “Together with Nir Barka...