Israel To Propose Free Trade Agreement With India

India has a lot to give the world, and Israel will propose expanding the Free Trade Agreement, said Israeli Economy and Industry Minister Nir Barkat during a visit to India on Monday.

Barkat was speaking at the Confederation of Indian Industry's India Israel Business Forum in Delhi. He is bringing a delegation of Israeli businessmen to India for a series of talks with business and government figures.

Barkat stated that the Israel-India FTA will be discussed with Indian ministers later on Monday.

"The FTA should cover a wide range of topics, including agrotech and health care." India's economy is growing to become the world's third largest. "What I see here is a huge mutual opportunity, and we're here to take advantage of it," Barkat explained.

"Take a look at the chip industry; Israel is very strong in this industry and has a lot to offer." "We should take a serious look at how to co-develop ideas; there are a lot of joint ventures here," he said, emphasising the need of pushing for semiconductors, which are included in almost every modern electrical product.

"Another great opportunity is that you Indians are eager to grow and scale up your business and collaborate with the rest of the world." What we need to do now is find out the best method for our entrepreneurs, who work with your entrepreneurs, to use your scale in a vast economy, the size and breadth of which is a fantastic match. We compete, collaborate, and compliment one another. "We have a lot to offer, and you have a lot to offer Israel," Barkat stated.