- On November 20, the terms of reference guiding negotiations for the India-Israel Free Trade Agreement (FTA) were formally signed.
- Commerce Minister Piyush Goyal and Israeli Economy and Industry Minister Nir Barkat signed the agreement.
- The agreement is considered a significant first step towards a balanced and comprehensive FTA.
- Goyal is in Israel until November 22 with a 60-member business delegation to consider ways to expand bilateral trade.
- He said the aim is to diversify and expand trade by identifying new areas of cooperation and addressing regional sensitivities.
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