Israel and India Sign Agreement to Enhance Mutual Investment

SadaNews - Israel announced today, Monday, that it has signed an agreement with India aimed at enhancing and protecting mutual investment. The Israeli Ministry of Finance explained that it is the first country in the Organization for Economic Cooperation and Development (OECD) to sign such an agreement with India.

The ministry added that the agreement, signed by Israeli Finance Minister Bezalel Smotrich and his Indian counterpart Nirmala Sitharaman in New Delhi, will help expand trade and investment between Israel and India.

The volume of trade between the two countries reached $3.9 billion in 2024.

Since July of last year, Israel and India have been in advanced stages of negotiations regarding an investment protection agreement, which aims to protect investors from unfair treatment and facilitate the movement of capital and profits.

This agreement aligns with an approach to deepen the strategic economic relations between the two countries in the fields of technology, defense, and infrastructure.

Consequently, this agreement is expected to:

Increase the flow of investments by providing legal guarantees for investors from both countries, thereby enhancing confidence and boosting the influx of joint funds.

Stimulate the business sector by facilitating the investment process in technology, agriculture, defense, and other sectors.