Trade talks between India, Israel to resume

  • IASbaba
  • November 5, 2021
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Trade talks between India, Israel to resume

Part of: Prelims and GS II – International Relations 

Context India and Israel agreed to resume long-pending negotiations on a free trade agreement.

  • The FTA talks would begin in November and concluded by June 2022

Key takeaways 

  • During the last round of talks, both sides had explored the possibility of a limited trade deal or a Preferential Trade Agreement for about 200 goods, which could not be concluded. 
  • The Indian government is also working to resume a number of trade negotiations.
    • The government has thus far committed to resumed talks with the U.K., Australia and the European Union.
  • India and Israel also agreed to mutually recognise each other’s vaccination process “in principle”.
  • Israel also announced it would join the India-France led International Solar Alliance (ISA), ahead of the next U.N. Climate Change COP26 summit in Glasgow in November 2021.

Do you know?

  • Both also joined a virtual quadrilateral meeting with U.S. Secretary of State and UAE Foreign Minister.
  • The quadrilateral meeting can be seen as an outcome of last year’s Abraham Accords brokered by the U.S. that saw the UAE and Israel establish diplomatic relations.

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