Prime Minister Narendra Modi is currently on a visit to Israel, where he has made a significant announcement aimed at strengthening ties between the two nations. He confirmed that negotiations for a Free Trade Agreement (FTA) have begun, with the potential to finalize this deal in the near future. This announcement follows recent discussions that took place just days prior, marking an important step forward in the bilateral trade relationship between India and Israel.

The first round of talks regarding the FTA commenced on February 23 and is expected to continue until February 26, involving representatives from both countries. The momentum from these dialogues is indicative of a mutual desire to reach a consensus on trade that will not only benefit the economies of both nations but also enhance their strategic partnership. The discussions are focused on various sectors, including defense, science and technology, trade, agriculture, and water management, which are seen as key areas for deeper collaboration.

This visit coincides with the last day of PM Modi's schedule in Israel, which emphasizes a commitment to building a more multifaceted and strategic relationship. While trade volume between India and Israel is not currently vast, these developments highlight a shared aspiration for a more robust economic interaction, suggesting that both nations recognize the significance of bolstering their trade ties moving forward.