On the one hand, PM Modi is in Israel... On the other hand, big news comes regarding the trade deal
Prime Minister Narendra Modi is currently in Israel, focusing on strengthening bilateral relations, while discussions begin on a Free Trade Agreement (FTA) between India and Israel.
Prime Minister Narendra Modi's visit to Israel from February 25 to 26 aims to enhance bilateral relations with a stronger emphasis on strategic and multifaceted cooperation. Key sectors such as defense, science and technology, trade, agriculture, water management, and people-to-people contact are highlighted in the discussions. This visit underscores India's commitment to deepen its ties with Israel, showcasing the importance of such international relationships in contemporary politics.
While Modi's trip is ongoing, significant progress has been made in the realm of trade agreements. Reports confirm that discussions regarding a Free Trade Agreement (FTA) commenced prior to the conclusion of Modi's visit, marking a pivotal step toward enhancing trade between the two nations. The meetings concerning the FTA, which are scheduled for three days and are held in New Delhi, signify a proactive approach by both countries to solidify their economic partnerships.
These negotiations are seen as the reestablishment of pathways that had been stalled for nearly four years. The groundwork for this FTA was laid back in November of the previous year when both sides signed Terms of Reference to facilitate future discussions. The renewed focus on this agreement not only promises to amplify trade relations but also could have broader implications on geopolitical alignments, particularly in the context of Indo-Israeli relations, which are becoming increasingly significant in global trade networks.