The Free Trade Agreement (FTA) between Israel and India is likely to be completed by the second quarter of 2013, according to a report from Port2Port, boosting bilateral trade between the two countries.

Trade currently stands at some US$5bn (€3.99bn), but the new deal, designed to liberalise trade in goods and services and facilitate investment, could reportedly see that figure double over the next decade.

Following the lastest round of meetings, Israeli minister Yahel Vilan said that most of the major issues had been settled. 'Both the countries are doing their utmost to complete the process by the earliest,' he commented.

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