India-Israel Trade Pact Should Be as Wide as Possible: Israeli Minister

Minister of Economy and Industry, M K Nir Barkat, has suggested that the proposed free trade agreement (FTA) between India and Israel should be broadened as much as possible to facilitate trade and bring people closer. He stated that he intends to hold talks with Indian officials regarding the FTA, which has been under negotiation for more than a decade. Barkat plans to propose expanding the FTA and focusing on intelligent business development, sharing knowledge and experience as much as possible between the two countries. To ensure a successful free trade deal, he emphasized the importance of identifying complementary areas where India and Israel have a competitive advantage. "It (FTA) should be as wide as possible to enable more and more trade as free trade brings the people together," Barkat said. He added that Isreal has a lot to offer in sectors like agrotech, healthtech and foodtech and it translates into a lot of trade from both directions. "So from my perspective, we are coming as open as possible," the minister said.