India and Israel are rolling out a 2-phase trade deal

Business Nov 23, 2025

India and Israel are considering launching their free trade agreement (FTA) in two phases, aiming to make business smoother by cutting tariffs, simplifying customs, and boosting investments.
Commerce Minister Piyush Goyal shared the news after both countries signed the terms on Thursday.

Why should you care?

This phased FTA could help revive India-Israel trade, which took a big hit last year—India's exports to Israel dropped 52%.
The deal isn't just about traditional goods like diamonds; it opens doors for electronics, medical tech, and even lets Indian companies bid for huge projects like Tel Aviv's $50 billion metro.
Plus, it encourages joint R&D and innovation by combining Israel's tech strengths with India's massive market.