Israel Minister Barkat Wants Business Development with India to Expand beyond FTA
News 18Israel minister for economy and industry Nir Barkat said Israel wants to take business and trade ties with India to the next step and not limit it to a free trade agreement. “I’m here to propose and to see how we could take it to the next step, not just free trade agreement, but actually do a lot of business development together,” Barkat told CNN-News18 and pointed out that Israel’s innovation in agrotech, food-tech and creating food from the sea are well known. Israel witnessed protests over the past few weeks as civil society groups protested against Prime Minister Benjamin Netanyahu’s proposed judicial reforms. Speaking of India-Israel trade ties, which hovers around $10billion and is expected to increase if both nations agree on a FTA deal, Barkat said the ties continue to strengthen because of the friendly relationship between Prime Minister Narendra Modi and his Israeli counterpart Netanyahu.