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Wed Jun 20, 2012, 03:33 PM

India-Israel trade can go up to $15 bn, says envoy

Bilateral trade between India and Israel can go up to $15 billion after the two countries are expected to sign a free trade agreement (FTA) by the year end, an Israeli envoy has said. "In 1992, the volume of trade between Israel and India was $180 million. Now, in 2011, it is about $5 billion. We are expecting the free trade agreement to be signed by the end of 2012 and then the volume of trade can go up to $10-15 billion," Israel's Ambassador Alon Ushpiz told reporters here on Tuesday.

Describing the current relationship between India and Israel as a "chair with three legs", Ushpiz said his country wanted to convert it to a "sofa with six legs" which was more "stable".

He said Israel was interested in investing in sectors like advanced technology in water, particularly re-usage of sewage water and desalination of water.

"We are exploring opportunities to cooperate in West Bengal's water and agricultural sectors," he added.


http://www.hindustantimes.com/News-Feed/BusinessMarkets/India-Israel-trade-can-go-up-to-15-bn-says-envoy/Article1-875413.aspx

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Reply India-Israel trade can go up to $15 bn, says envoy (Original post)
King_David Jun 2012 OP
King_David Jun 2012 #1
azurnoir Jun 2012 #2
King_David Jun 2012 #3
azurnoir Jun 2012 #4
King_David Jun 2012 #5
azurnoir Sep 2012 #6

Response to King_David (Original post)

Wed Jun 20, 2012, 03:33 PM

1. BDS



What BDS ?

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Response to King_David (Original post)

Wed Jun 20, 2012, 03:50 PM

2. well good deal India is increasing its trade with Israel to nearer the levels of its trade with Iran

Mr. Eshagh didn't disclose the size of the deals, but said both nations were looking to step up annual trade to $24 billion in the medium term from $14 billion now.

In February, Iran agreed to accept payment in Indian rupees for up to 45% of its oil exports to India, and the countries have set up a credit window between Indian and Iranian state-owned banks. That means Tehran has to find Indian exports to buy with the rupees it earns.

An Indian delegation of exporters traveled to Iran earlier this year to showcase products.

Transactions in the Iranian rial and in Indian rupees through the credit window already have begun, Mr. Eshagh said.

http://online.wsj.com/article/SB10001424052702304070304577393671154450382.html

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Response to azurnoir (Reply #2)

Wed Jun 20, 2012, 04:06 PM

3. Do you think that is a good thing ? nt

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Response to King_David (Reply #3)

Wed Jun 20, 2012, 04:09 PM

4. what you don't think India increasing its trade with Israel is good? n/t

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Response to azurnoir (Reply #4)

Wed Jun 20, 2012, 05:01 PM

5. I think it's great but with Iran ? not so much,

There are sanctions in place against that rogue state, you know?

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Response to King_David (Original post)

Tue Sep 11, 2012, 02:41 PM

6. India reiterates support for Palestinian state

India's Prime Minister Manmohan Singh‏ Tuesday, in a joint press conference with President Mahmoud Abbas in New Delhi, reiterated India’s full support of the struggle of the Palestinian people to achieve a sovereign and independent state of Palestine with East Jerusalem as its capital, living within secure and recognized borders side by side and in peace with Israel.

He said that support of the Palestinian cause has been always part of the Indian foreign policy. “India has played an active role in supporting the efforts of the state of Palestine to secure full member ship status at UNESCO” and “We will continue to support Palestine’s full and equal membership at the United Nations.”

Singh said that he looks forward to the resumption of peace talk between Palestinians and Israelis, leading to a comprehensive resolution between the two sides.

He announced that the government of India will contribute $10 million to PA’s budget to help address the Palestinian financial crisis.

http://english.wafa.ps/index.php?action=detail&id=20655

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