Finance minister says deal will open up 'endless opportunities', though Israeli market may soon be flooded with cheap goods
A new world of opportunities is set to open up before the Israeli entrepreneur. Finance Minister Yuval Steinitz announced Thursday that Israel was set to sign a free trade agreement with India.
Speaking at a trade convention in Shefayim, Steinitz said the agreement would exempt many import and export ventures from VAT in both states.
Israel currently has free trade agreements with the US, the European Union, Jordan, Egypt, and many of the Latin American states. It is the only country to have such an agreement with both the US and the EU.