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.
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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.
