'India, Israel may implement proposed FTA in two phases', Pg13

Key Highlights:

• India and Israel are considering a two-phase approach to their proposed Free Trade Agreement (FTA).
• Commerce and Industry Minister Piyush Goyal announced the plan in Jerusalem on Sunday.
• The initial phase will focus on areas with faster agreement to provide quicker benefits to businesses.

Detailed Insights:

• The two-phase approach aims to expedite the implementation of the FTA by prioritizing areas of mutual consensus.
• Both nations have agreed to address sensitive issues within the FTA negotiations, ensuring a comprehensive agreement.
• This FTA is expected to enhance economic cooperation and trade relations between India and Israel.

Key Concepts Involved:

• Free Trade Agreement (FTA): An agreement between two or more countries to reduce or eliminate trade barriers.