India and Israel Set to Sign Bilateral Investment Treaty
New Delhi: India and Israel are expected to sign a Bilateral Investment Treaty (BIT) during the upcoming visit of Israeli Finance Minister Bezalel Smotrich this week. The two nations are also laying the groundwork for a Free Trade Agreement (FTA) aimed at boosting bilateral trade and investment.
According to sources, Smotrich will be in India for a three-day visit from September 8 to 10, during which he is scheduled to meet key Indian leaders including Finance Minister Nirmala Sitharaman, Commerce and Industry Minister Piyush Goyal, and Minister of Housing and Urban Affairs Manohar Lal Khattar.
Key Objectives of the Visit
The visit aims to:
Sign the Bilateral Investment Treaty (BIT) to protect investments and promote economic cooperation.
Discuss a future India Israel Free Trade Agreement (FTA) to enhance trade in goods and services.
Strengthen strategic economic ties between India and Israel, focusing on technology, defense, agriculture, and innovation sectors.
Why This Matters
The India Israel Investment Treaty and proposed FTA are expected to:
Attract more Israeli investments in India’s key sectors.
Boost India’s exports and imports with Israel.
Strengthen bilateral economic and diplomatic relations.
Officials see this as a significant step forward in India-Israel cooperation, paving the way for enhanced trade, technology exchange, and mutual investment opportunities.
