AllFrontierGlobal · FTA records

India–Israel FTA under negotiation · no agreement yet

Rendered from the All Frontier Global FTA registry · researched from official sources, August 2026 · every figure below carries a numbered source

NEGOTIATING
Status record: this page documents the current state of the relationship, not a concluded trade agreement — there is nothing here to summarise as tariff schedules or rules of origin because none exist yet.

No India–Israel FTA exists. Two formal negotiating rounds have been held under a Terms of Reference signed 20 November 2025 (round 1: Feb 2026, round 2: Jul 2026); two more rounds are expected (Oct 2026, and ‘by February’ 2027) before either side expects to know where the deal stands[1][2][7][11]. This follows an earlier, separate 2010–2013 negotiation that stalled and lay dormant for roughly a decade.

At a glance

The agreement

India-Israel Free Trade Agreement (proposed) — UNDER NEGOTIATION, NOT CONCLUDED

Parties: India and Israel

Negotiating Authorities:

No India-Israel FTA exists. Two formal negotiating rounds have been held under a Terms of Reference signed 2025-11-20 (round 1: Feb 2026, round 2: Jul 2026); two more rounds are expected (Oct 2026, and 'by February' 2027) before either side expects to know 'exactly where we stand,' per Israel's ambassador to India. This follows an earlier, separate negotiation attempt (2010–2013, at least 8 rounds) that stalled and lay dormant for roughly a decade.[1][2][7][11]

Status in detail

IN NEGOTIATION — NOT SIGNED, NOT CONCLUDED, NOT IN FORCE, NOT NOTIFIED TO WTO

The netcup skeleton spine labels this 'negotiating,' which is directionally correct at the top level — but the skeleton's supporting text ('on-and-off since 2010') is dangerously vague: it flattens a real ~2010-2013 negotiation, a ~decade-long total dormancy (roughly 2014-2025), and a distinct, newly-launched 2025-2026 negotiation into one continuous blur. It also asserts specific legal content (a completed 'Investment Protection' chapter on 2016 Model BIT terms with NT/MFN/FET/expropriation/ISDS-carve-out; a finished RoO formula of 'CTH + 35-40% RVC') for chapters that CANNOT have final text yet, because no agreement has been concluded. Those specific claims are treated as unverified/likely-fabricated below, not carried forward as fact. See conflicts.

Negotiation History

Phase 1 Original Attempt:[15]

Dormancy:[13][14]

Relaunch

Terms of Reference Signed Date: 2025-11-20

Signed Location: Tel Aviv, Israel[5][6][4][16]

Signatories: Piyush Goyal (India, Union Minister of Commerce and Industry) and Nir Barkat (Israel, Minister of Economy and Industry)

TOR Scope per Official Reporting: tariff and non-tariff barrier elimination for goods, investment facilitation, customs procedure simplification, innovation and technology-transfer cooperation, and services-trade norm relaxation

Two Phase Idea:

Rounds 2026

Next Rounds Expected:[11][12]

Not applicable — there is no concluded agreement to notify under GATT Article XXIV / GATS Article V. Should not be confused with agreements that exist but are unnotified.

Investment

No concluded investment chapter exists. The Terms of Reference (2025-11-20) references 'investment facilitation' as a negotiating objective, and the Nov 2025 India-Israel Business Forum discussed investment interest across fintech/agritech/AI/quantum/pharma/space/defence — but none of this amounts to agreed chapter text.

Skeleton Claim Assessment:

Rules of origin

No concluded Rules of Origin chapter exists. 'Rules of origin' appears as a negotiating-agenda topic in both round 1 (Feb 2026) and round 2 (Jul 2026), alongside SPS, TBT, customs procedures, and trade facilitation — confirming RoO is ON the table, not that it is settled.

Skeleton Claim Assessment:[1][7]

Sectors

Defence:[3][4][1][7]

Diamonds:[16][3][15]

Electronics:[16][3][13]

Agri Tech:[3][4][17]

Other Sectors Mentioned:[4][11][13]

Trade flows

Multiple non-reconcilable trade-value series were found for India-Israel merchandise trade. Per the provenance rule, they are recorded separately below and NOT blended into one number. They differ in fiscal-year coverage (FY2024-25 vs FY2025-26 vs partial FY2025-26), and even within the same fiscal year, official-adjacent sources disagree by ~USD 100-150 million.

India-Israel total merchandise trade, FY2025-26 (latest full-year figure found) — Reported by ANI (wire), corroborated independently by The Hawk and India Shipping News, all covering the Dept. of Commerce's second-round (Jul 2026) release[7][8][9]
MeasureValue
Total TradeUSD 3.93 billion

Basis: Indian fiscal year (April 2025-March 2026), USD, goods · accessed 2026-08-20

This is the LATEST same-series full-year figure located in this pass, and is the record's primary headline trade figure for that reason. It was NOT independently cross-checked against a directly-fetched primary PIB/Dept. of Commerce page in this pass (the specific PIB PRID for the round-2 release could not be located/fetched — see unsourced_gaps); it rests on triangulation across three independent wire/secondary outlets reporting the same number on the same date, which is reasonably strong but not primary-source confirmation.

One outlet covering the SAME round-2 event (Swarajya) instead cited 'USD 3.62 billion, FY2024-25' — the prior period's figure — in what appears to be an un-updated reuse of the round-1 boilerplate rather than a genuine second data point. Flagged in conflicts.

India-Israel total merchandise trade, FY2024-25 — per PIB (round 1 release) — Press Information Bureau, Government of India[1]
MeasureValue
Total TradeUSD 3.62 billion

Basis: Indian fiscal year (April 2024-March 2025), USD, goods · accessed 2026-08-20

India-Israel total merchandise trade, FY2024-25 — per MEA bilateral relations brief — Ministry of External Affairs, Government of India[3]
MeasureValue
Total TradeUSD 3.75 billion (document's own headline figure)
India Exports to IsraelUSD 2.1 billion
India Imports From IsraelUSD 1.6 billion

Basis: Indian fiscal year (April 2024-March 2025), USD, goods · accessed 2026-08-20

The document's own component figures (2.1 + 1.6 = 3.7) round to 3.7, not exactly 3.75 as separately headlined — a minor internal rounding inconsistency, not a major discrepancy. The document also states the FY2024-25 figure 'fell... due to regional security issues and trade disruptions,' implying a higher prior-year base, which was not independently quantified in this pass.
India-Israel total merchandise trade, FY2024-25 — per independent trade-policy analysis, with export/import commodity framing — BasisPointInsight (Ajay Srivastava) — secondary analysis[13]
MeasureValue
Total TradeUSD 3.6 billion
India Exports to IsraelUSD 2.1 billion (diamonds, rice, chemicals, ceramics, aircraft parts)
India Imports From IsraelUSD 1.5 billion (diamonds, electronics, fertilizers, machinery)

Basis: Indian fiscal year (April 2024-March 2025), USD, goods · accessed 2026-08-20

Internally consistent (2.1 + 1.5 = 3.6) and agrees with PIB's 3.62B within rounding; differs from MEA's 3.75B/1.6B-import figure by ~USD 100 million on the import side specifically.
India-Israel trade, FY2025-26, partial year (April-November 2025) with HS-code commodity detail — India Brand Equity Foundation (IBEF) — Ministry of Commerce-backed trade-promotion body[16]
MeasureValue
India Exports to Israel PartialUSD 1.45 billion
India Imports From Israel PartialUSD 1.12 billion
Israel Rank As Export Destination for India40th
Israel Rank As Import Source for India50th

Basis: Indian fiscal year 2025-26, partial (through November 2025 only — NOT a full-year figure), USD, goods, by HS chapter · accessed 2026-08-20

NOT comparable to the full-year series above without annualizing — retained separately because it is the only source in this pass with product-level (HS-chapter) granularity, used for the sectors.diamonds and sectors.electronics findings.
Historical bilateral trade trajectory, 1992-2013 (pre-dormancy) — Israel Trade & Economic Office, Embassy of Israel in India (Israeli Ministry of Economy-affiliated)[15]
MeasureValue
1992USD 200 million (primarily diamonds)
2011 PeakUSD 5.19 billion
2012USD 4.44 billion (a 14.3% decrease attributed to the global recession)
Jan Sep 2013USD 3.24 billion

Basis: Mixed annual figures, USD · accessed 2026-08-20

Shows bilateral trade was materially HIGHER in 2011 (USD 5.19B) than any current-era figure in this record (USD 3.6-3.93B) — i.e., trade has not yet recovered to its 2011 peak even 15 years later. Useful context for the negotiation's stated rationale ('untapped trade potential').

Milestones

Sources disagree

Recorded exactly as the registry states each disagreement — the conflicting values, the organisations behind them, and how this record handles it.

Not yet verifiable

What the registry could not source, listed exactly as it states it — not gaps filled from memory or inference.

Sources

Numbered to match the markers in the text above. Every figure on this page traces to one of these.

  1. Press Information Bureau, Government of India pib.gov.in accessed 2026-08-20
  2. Press Information Bureau, Government of India pib.gov.in accessed 2026-08-20
  3. Ministry of External Affairs, Government of India — official bilateral relations brief mea.gov.in accessed 2026-08-20
  4. Press Information Bureau, Government of India pib.gov.in accessed 2026-08-20
  5. The Tribune — Indian daily newspaper, secondary tribuneindia.com accessed 2026-08-20
  6. All India Radio / Prasar Bharati (newsonair.gov.in) — Indian government broadcaster newsonair.gov.in accessed 2026-08-20
  7. Asian News International (ANI) — Indian wire service, secondary aninews.in accessed 2026-08-20
  8. The Hawk — Indian news outlet, secondary thehawk.in accessed 2026-08-20
  9. India Shipping News — trade-focused secondary outlet indiashippingnews.com accessed 2026-08-20
  10. Swarajya — Indian magazine, secondary swarajyamag.com accessed 2026-08-20
  11. The Hans India — Indian daily, secondary thehansindia.com accessed 2026-08-20
  12. Telangana Today — Indian daily, secondary telanganatoday.com accessed 2026-08-20
  13. BasisPointInsight (Ajay Srivastava) — independent trade-policy analysis, secondary basispointinsight.com accessed 2026-08-20
  14. Asian Development Bank — Asia Regional Integration Center database, secondary aric.adb.org accessed 2026-08-20
  15. Israel Trade & Economic Office, Embassy of Israel in India (Israeli Ministry of Economy-affiliated) itrade.gov.il accessed 2026-08-20
  16. India Brand Equity Foundation (IBEF) — Ministry of Commerce and Industry-backed trade-promotion body ibef.org accessed 2026-08-20
  17. itrade.gov.il itrade.gov.il accessed 2026-08-20

Researched from official sources, August 2026 · rendered from the FTA registry.

The All Frontier Global estate

Developed by Amit Jain at allfrontierglobal.com

© 2026 All Frontier Global · Panchkula, Haryana, India

Developed by Amit Jain at allfrontierglobal.com · purposed.in · purposed · purposed2 · merchcomp.com · uuka.org

Compiled reference — verify current specifics at the source.

Write to Amit

A question, a correction, or something you'd like covered. It goes straight to his inbox — no list, no newsletter.