Commerce Minister Piyush Goyal in Tel Aviv at the presence of Israel Economy Minister Nir Barkat. (Image: Goyal/ X) Show Quick Read Summary is AI Generated. Newsroom Reviewed

India and Israel on Thursday finalised the terms of reference for a free trade agreement to cement commercial ties between the close strategic allies.

The FTA will be a force multiplier in India-Israel relations, said Commerce Minister Piyush Goyal in Tel Aviv at the presence of Israel Economy Minister Nir Barkat. The two countries are eyeing $30-40 billion in bilateral trade in the coming years, and then taking it to $65 billion in the next decade.

"We have entered into negotiations for a free trade agreement soon after having executed a bilateral investment treaty. The two will collectively open the door to

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