Israel, India Seek to Boost Trade Ties

Jan. 10, 2012
Countries have strong defense ties, and frequently cooperate in the fields of science and technology.

Israeli Prime Minister Benjamin Netanyahu met visiting Indian Foreign Minister S.M. Krishna on Jan. 10 and called for greater cooperation, which would include increasing trade.

Krishna is in Israel as the two countries mark 20 years since the establishment of diplomatic relations.

"India and Israel are two ancient peoples seizing the future: in technology, in innovation, in enterprise, and I think we can seize it even better by our cooperation," Netanyahu said.

"I look forward, minister, to discussing with you all these areas of cooperation between us, including the signing in the near future of a free trade agreement to multiply our trade and to increase the cooperation economically between India and Israel," Netanyahu said.

Krishna told the Israeli leader he had come "to chart out a road map for the next two decades of India-Israel cooperation," and said he was hoping to see "an increased economic content to our existing political relationship."

"I think my visit primarily would be focusing on the economic content, security, terror -- these are some of the issues which are commonly faced both by Israel as well as India," the statement quoted Krishna as saying.

"We will have to work out a strategy as to how we address ourselves to the scourge of international terrorism which has become the curse for the entire humanity."

India and Israel have strong defense ties, and frequently cooperate in the fields of science, technology and agriculture.

Israel has signed a huge array of defense agreements with New Delhi and, in 2007, replaced France as India's second-largest arms supplier after Russia.

Copyright Agence France-Presse, 2011

Popular Sponsored Recommendations

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Beware Extreme Software

Sept. 24, 2023
As a manufacturer, you understand the importance of staying ahead of the curve and being proactive in your approach to technology. With the rapid pace of change in the industry...

Navigating Disruption: A Leader’s Guide to Strategy Under Uncertainty

Nov. 1, 2023
AI, sustainability, digital--industrials are facing disruptive forces that are redefining what it takes to win. What got your company where it is today won’t get you where you...

Are You Positioned To Tackle Supply Chain Risk?

Sept. 20, 2023
Supply chain disruption is here to stay, but you can keep ahead of potential issues — and identify new opportunities — by regularly assessing your suppliers. Download our supplier...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!