New Delhi, Nov. 20 -- Union Minister Piyush Goyal on Thursday said that Israel and India have decided to enter into negotiations for a Free Trade Agreement (FTA) and the two countries formally signed the Terms of Reference (ToR).

The ToR was signed by Goyal and Israeli Economy and Industry Minister Nir Barkat.

Goyal told reporters that they will soon finalise the dates for starting the negotiations, adding, services such as IT, tourism and movement of skilled professionals will get a boost from the proposed pact.

He added that that the proposed agreement will open the doors to greater market access, flow of capital, investments and trade both in goods and services.

"It will also remove obstacles to doing business, provide clarity, pre...