India and Israel to Boost Bilateral Trade and Investments with Proposed Free Trade Agreement.

Israel and India are set to boost bilateral trade and investments through a proposed free trade agreement. The two countries have signed terms of reference to start negotiations for the agreement, excluding sensitive areas. Israeli Minister Nir Barkat predicts huge growth in business and opportunities for Israeli companies to open subsidiaries in India, acting as a gateway to Asia. The agreement aims to eliminate tariff and non-tariff barriers, facilitate investment, and promote trade in services.