India-Israel FTA First Round Concludes
Analysis based on 9 articles · First reported Feb 26, 2026 · Last updated Feb 26, 2026
The successful conclusion of the first round of FTA negotiations between India and Israel is expected to positively impact both economies by fostering increased trade and investment. This development signals a commitment to reducing trade barriers and creating new opportunities in key sectors, potentially leading to growth for businesses in both India and Israel.
India and Israel successfully concluded the first round of negotiations for a Free Trade Agreement (FTA) in New Delhi from February 23 to 26, 2026. The negotiations covered a wide range of areas including trade in goods and services, rules of origin, and intellectual property rights. Prime Minister Narendra Modi, during his state visit to Israel, called for the early finalization of the ambitious FTA to realize untapped trade potential. Union Minister of Commerce and Industry Piyush Goyal also met with the Israeli delegation, emphasizing the need for a modern and comprehensive agreement. The bilateral merchandise trade between India and Israel stood at approximately USD 3.62 billion in FY 2024-25, with significant untapped potential identified in sectors like machinery, chemicals, textiles, agriculture, medical devices, and advanced technologies. Both sides agreed to continue virtual engagements, with the next in-person round scheduled for May 2026 in Israel. This event reflects a shared commitment to deepen economic partnership and create new opportunities for stakeholders.
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