Union Minister Piyush Goyal on Thursday said that Israel and India have decided to enter into negotiations for a Free Trade Agreement (FTA) and the two countries formally signed the Terms of Reference (ToR).

The ToR was signed by Goyal and Israeli Economy and Industry Minister Nir Barkat.

He added that that the proposed agreement will open the doors to greater market access, flow of capital, investments and trade both in goods and services. Also Read | US-India trade deal: Phase one of bilateral trade agreement almost complete

"It will also remove obstacles to doing business, provide clarity, predictability and stability to our economic engagement. Clearly, Israel and India are two strategic partners with deep-rooted friendship and a mutual respect for each other and are destin

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