October 19, 2021
4 mins read

India, Israel To Renew FTA Talks Next Month

Jaishankar, who is on a three-day visit to Israel, met Lapid and the two also agreed on mutual recognition of vaccination certificates as well as to expand cooperation in the areas of water and agriculture, reports India Daily Newsdesk

External Affairs Minister Dr S. Jaishankar and his Israeli counterpart Yair Lapid on Monday decided to renew negotiations on a free trade area agreement between the two countries in November, with the aspiration that the agreement will be ready for signature by the middle of 2022.

Jaishankar, who is on a three-day visit to Israel, met Lapid and the two also agreed on mutual recognition of vaccination certificates as well as to expand cooperation in the areas of water and agriculture, which in recent years have become a central anchor of bilateral relations.

“I thank my friend, Dr. Jaishankar, for his visit to Israel, a visit which is a precursor of events which will take place next year to mark thirty years of bilateral relations between India and Israel,” Lapid said after the meeting.


“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.

“In the last year, we have dealt, India and Israel, with the Covid-19 pandemic, and we have helped one another during this crisis. This is how friends and partners behave,” he added.

Following the meeting, a signing ceremony was held marking Israel’s accession to the the International Solar Alliance, founded in 2015 on the initiative of India and France, which will allow Israel to contribute its knowledge and experience to the organisation.

Israeli Energy Minister Karine Elharrar participated in the meeting and signed the agreement on behalf of her country.

“Membership in the ISA, alongside more than 80 countries blessed with sun and promoting solar energy, will enable the State of Israel to contribute to the global struggle against climate change and to advance together solutions for a greener future,” she said.

Thanking India for the support, Elharrar said that she is hopeful that membership in this organisation which has engraved on its flag investment in research and development in the field of solar energy will encourage Israeli entrepreneurs to bring forth developments in the field and to bring her country to the global forefront in this field as well.

Lapid and Jaishankar, accompanied by their spouses, later visited the Shalva Centre, which cares for children with disabilities and provided support to their families.

Israeli firms invited to invest in India

Dr Jaishankar has invited Israeli companies to invest in India, taking advantage of the expected post-Covid boom in the economy, which is already showing poitive signs of revival.

“Many post-Covid priorities including digital, health, agriculture and green growth are natural areas for our collaboration,” said the minister after having elaborate discussions with the Israeli chambers of commerce and the innovation ecosystem.

Jaishankar lauded the “visible enthusiasm” for doing business with India, which he said had already unveiled a slew of new business-friendly measures.

Ambassador Yael Ravia-Zadok, the head of the Economic Diplomacy Division of Israel’s Ministry of Foreign Affairs, nailed innovation, water, health, energy among several other sectors as areas of collaboration.

Jaishankar’s visit takes forward the joint efforts made by New Delhi and Jerusalem since 2017 to engage the talent pool of the two countries in pursuit of path-breaking technological solutions that can be commercially exploited.

Jaishankar to rope in more hi-tech industries

EAM Jaishankar’s meetings with the business community working on the Israel-India route are expected to significantly increase cooperation between the two countries.

With bilateral meetings with the Israeli Alternate Prime Minister and Foreign Minister Yair Lapid, President Isaac Herzog, Prime Minister Naftali Bennett, the Knesset Speaker and several other political and business leaders scheduled during the four-day trip, the special relationship between India and Israel is expected to witness a high level of cooperation in economic activity, trade and commerce.

“With Diwali just around the corner, the visit of MEA Dr S Jaishankar is an opportunity to highlight the elements of India-Israel growing partnership that bring light and hope of prosperity to both people and their respected regions: water, agriculture, healthtech and education,” tweeted Froim Ditza, the Head of Policy Planning at the Israeli MFA, after Jaishankar’s interaction with the business community in Jerusalem Sunday evening. (includes report from Ateet Sharma)

ALSO READ-UK, UAE agree to drive sustainable development

READ MORE-Aim for $450-$500 bn exports next year: Goyal

Previous Story

UK, UAE agree to drive sustainable development

Next Story

Fallen Indian soldiers of WW II remembered in Bangladesh

Latest from -Top News

G7 Summit Eyes Energy Security

Monday’s schedule includes a 90-minute session among G7 leaders to discuss the global economic outlook…reports Asian Lite News The Group of Seven (G7) summit unveiled its slimmed-down agenda, prioritising discussions on the

25th Custodial Death Under Yunus Rule

The authorities of the Central Jail at Keraniganj claimed that the Awami League leader died by suicide….reports Asian Lite News Another leader of Bangladesh’s Awami League has died in prison custody, becoming

Non-Oil Boom Fuels UAE Growth

In terms of contribution to non-oil GDP, the trade sector ranked first with 16.8 per cent, followed by manufacturing (13.5 per cent)…reports Asian Lite News The United Arab Emirates (UAE) posted a

Modi Mania Grips Canada

This is PM Modi’s first visit to Canada after a year marked by diplomatic tensions…reports Asian Lite News As Prime Minister Narendra Modi gears up for his visit to Canada for the

MI6 Gets First Female Chief

Metreweli, 47, will become the first woman to lead MI6 in its 116-year history….reports Asian Lite News Underscoring the rising role of cyber intelligence in modern espionage, Prime Minister Keir Starmer has
Go toTop

Don't Miss

‘Criticism on Indian Constitution is Sans Valid Reason’

Arvind Datar SA is a Senior Advocate in India whose

India, US trade to reach $500 bn by 2025

Nitin Gadkari also asked the US investors, particularly insurance and