India and Israel sign terms of reference to guide free trade agreement negotiations

Commerce Minister Piyush Goyal and Israeli Minister of Economy and Industry Nir Barkat connected Thursday (November 20, 2025) signed the Terms of Reference that would usher negotiations connected a Free Trade Agreement (FTA) betwixt the 2 countries.

“This is the archetypal important measurement towards facilitating talks to reason a balanced, comprehensive, and mutually beneficial FTA to fortify and heighten our trade, economic, and strategical partnership,” Mr. Goyal posted connected X precocious Thursday (November 20, 2025) evening. 

Mr. Goyal is successful Israel until November 22, on with a 60-member concern delegation, to sermon ways to deepen and broaden bilateral commercialized betwixt India and Israel. 

“Our associated purpose is to diversify and heighten bilateral trade, creating a larger marketplace by identifying caller areas of practice portion addressing sensitivities crossed assorted sectors,” Mr. Goyal said. “We stay committed to leveraging each other’s complementarities to present a mutually beneficial result for some sides.”

So far, Mr. Goyal has held bilateral meetings with Mr. Barkat arsenic good arsenic with Israel’s Minister of Finance Bezalel Smotrich. The Commerce Minister has besides held meetings with the heads of respective Israeli businesses and besides addressed the India-Israel CEOs Forum.