India, Israel ink iandmark bilateral investment agreement

Business Toaday - Israel has become the first OECD member state to sign an investment pact under India’s new model treaty framework. The BIA replaces the earlier investment treaty signed in 1996, which was terminated in 2017 as part of India’s policy overhaul on such agreements.

India and Israel today signed a landmark Bilateral Investment Agreement (BIA) aimed at strengthening reciprocal investments and expanding trade ties between the two nations. 

The agreement was signed in New Delhi on September 8 by India’s Finance Minister Nirmala Sitharaman and Israel’s Finance Minister Bezalel Smotrich, who is leading a high-level delegation to India.