India, Israel Sign Bilateral Investment Agreement Boosting Trade, Security

India and Israel have signed a significant Bilateral Investment Agreement (BIA) in New Delhi, marking a historic milestone in their economic partnership. The agreement, signed by Indian Finance Minister Nirmala Sitharaman and Israeli Finance Minister Bezalel Smotrich, aims to boost trade and mutual investments, safeguard investors, and provide an independent dispute resolution mechanism via arbitration. It reflects mutual trust and confidence, with Israel becoming the first OECD country to sign under India's new investment treaty framework, emphasizing stronger economic governance and cooperation. Both countries highlighted opportunities in fintech, defense, cybersecurity, innovation, infrastructure development, and digital payments, while reaffirming solidarity against terrorism. Officials also expressed optimism that this BIA could pave the way for a future free trade agreement, potentially expanding bilateral trade beyond traditional sectors into services and technology. The agreement balances investor protections with preserving state regulatory rights, signaling a deeper strategic bond between India and Israel.