New Delhi, Sept. 10 -- India and Israel are on their way to sign a new trade agreement in the near future, and negotiations in this regard are underway, Shmuel Abramzon, Chief Economist, Ministry of Finance, Israel, said on Wednesday.

"We signed an investment agreement, and the next step would be a trade deal sometime. India hasn't announced yet. We started the negotiations. There are relationships between the two, and hopefully, it will materialise in the near future," Abramzon told ANI on the sidelines of FICCI LEADS 2025.

Israel's Minister of Finance, Bezalel Smotrich, who was in India, and India's Finance Minister, Nirmala Sitharaman, signed a Bilateral Investment Agreement (BIA) in New Delhi on Monday.

"Diplomatic and trade relati...