“We have concluded three rounds of talks relating to FTA and the fourth round is likely to be taken up in January next. You must understand that FTA is amongst the toughest subjects to deal with and has many aspects before being finalised, including the items to be included. Therefore, we see this being concluded by December 2012 paving way for acceleration of trade between the two nations,” Mr Ushpiz said.
Speaking at an interactive session at the Fapcci here today, the Israeli ambassador said that there are expectations that the bilateral trade would go up to $15 billion between the two. However, he refrained from outlining any time frame for this but added that this spans wide range of areas including technology sharing, hitech, new and renewable energy, and agriculture.