India is Israel’s 2nd trading partner in Asia and the 9th largest globally. The bilateral trade has been majorly dominated by diamonds and chemicals. However, recent years have seen an increase in trade in areas such as electronic machinery and high-tech products; medical equipment; communications systems, etc. The two nations celebrated 30 years of the upgradation of bilateral ties to full diplomatic relations earlier in 2022.
India and Israel maintain a strategic relationship and a free trade deal between the countries would significantly boost existing collaboration. The elevation of ties in the strategic partnership will expand this emerging cooperation in more new areas.