Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

India, Israel to start talks on free trade agreement next month

10/18/2021 | 01:56pm EST
FILE PHOTO: U.S. Secretary of State Blinken visits Italy

NEW DELHI (Reuters) - India and Israel agreed to resume talks on a free trade agreement from November, with the aim of signing a deal by mid 2022, both countries said on Monday.

Ties between the two countries have grown closer in the seven years since Indian Prime Minister Narendra Modi has been in power, and a number of strategic, military and technology partnerships have been formed during that time.

Free trade talks were announced after the countries' foreign ministers met in Jerusalem, where they also agreed on mutual recognition of vaccination certificates and expanded cooperation in water and agriculture, the countries said in a statement.

"We are continuing with our policy of connections, and we have seen in India a very important ally for many years. India also brings with her new opportunities for cooperation," Israel's Foreign Minister Yair Lapid said.

India aims to sign new trade deals with several countries including Australia, the United Arab Emirates, the United Kingdom and Canada, to boost exports and help the country recover faster from its coronavirus-induced slowdown.

Total merchandise trade between the two countries stood at $4.67 billion by the end of last financial year ending in March, 2021, according to data from India's trade ministry.

India aims for record growth in merchandise exports of nearly 37% to $400 billion in the current fiscal year ending in March 2022. In April-September 2021 merchandise exports were $197.89 billion, up over 57% from the same period last year.

(Reporting by Aftab Ahmed, Editing by William Maclean)


ę Reuters 2021
Latest news "Economy & Forex"
04:03pECB's Lagarde says euro zone in better shape facing new COVID wave, Omicron variant
RE
03:30pCold snap lifts Nordic power price for Monday to record high
RE
03:20pMEDIA STATEMENT : Westville Residents Call for Gas Amendment Bill to be Inclusive
PU
03:00pEcb's lagarde says euro zone now better equipped for potential new wave of covid-19 infections or omicron variant
RE
02:51pBERNARD ARNAULT : Louis Vuitton star designer Virgil Abloh dies after private battle with cancer
RE
02:30pOPEC postponses technical meetings to evaluate Omicron impact -sources
RE
02:25pOPEC postpones technical meetings to evaluate Omicron impact -Bloomberg News
RE
02:15pStar designer Virgil Abloh dies of cancer after private battle - LVMH
RE
02:01pGermany says working with U.S. on Nord Stream 2 deal
RE
01:39pBritain to call G7 health ministers meeting over Omicron
RE
Latest news "Economy & Forex"