India israel trade agreement: 50 percent of the high tariffs imposed by the US have made competition in the market there for Indian exporters. After this, a huge American tariff is being installed above the leather items and footwear to jewelery sent by India. Amidst these challenges of Indian exports, the active government is now knocking towards the new market.

India towards new market

For this, New Delhi is raising its scope towards South African countries and other countries with Russia and China, where these ghats can be compensated. In this episode, India and its friends Israel have taken another step forward towards further strengthening their economic relations. According to news agency Reuters, on Monday, both countries have signed an agreement in New Delhi, which aims to increase each other’s investment and protect it.

According to the Israeli Ministry of Defense, this is the first time that the Organization for Economic Cooperation and Development ie OECD country has made such a business deal with India. Officials say that this agreement for business will give stability and safe environment. Also, will create new opportunities for business and investment.

New deal between India and Israel

The Finance Ministry wrote on the social media platform X- Government of India and the government of Israel signed bilateral trade agreement in New Delhi. The agreement was finalized between Union Finance Minister Nirmala Sitharaman and her Israeli counterpart Bezalal Smotric. Significantly, the trade between India and Israel was about $ 3.9 billion in 2024. According to experts, the new deal will give a tremendous boost to cross -border trade and investment.

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