Israel and India move toward free trade pact

As reported by Globes:

Economic relations between Israel and India are set for a significant upgrade in the coming months. Minister of Finance Yuval Steinitz met with his Indian counterpart Pranab Mukherjee in Washington DC on Friday, and the two men agreed to prepare the ground for a free trade agreement (FTA) between their two countries.

Steinitz and Mukherjee agreed that talks on the signing of a financial protocol to promote trade between the two countries will begin in November. They also agreed that a large Israeli economic delegation, led by Steinitz and including the heads of many of Israel’s largest companies, will visit India in early 2011.

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