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Our Bureau

Hyderabad, Feb. 25 The Free Trade Agreement (FTA) between India and Israel is likely to be in place by November, according to Mr Mouneer Agbaria, Director (Asia & Pacific Region), Ministry of Industry, Trade and Labour, Government of Israel.

Addressing the members of the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) here on Monday, Mr Agbaria said Israel would also be opening a second trade office in India, at Bangalore, soon.

“These initiatives will certainly boost the trade and investment between the two countries, which is expected to touch $5 billion,” he said. Israel was known for a high yield from livestock, open farming and greenhouse technologies, and mutual cooperation was possible between India and Israel, he said.

A ministerial delegation from Andhra Pradesh headed by Mr G. Surya Rao, Minister for Small Scale Industries would visit Israel in April, he said.

Mr Atluri Subba Rao, President, FAPCCI, said India was now Israel’s ninth largest trade partner and there was lot of scope for further development.

More Stories on : Foreign Trade | Foreign Relations | Andhra Pradesh

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