With India and Israel being at an advanced stage of finalising a free trade agreement, the bilateral trade is likely to touch $15 billion from around $5 billion now, said Mr Alon Ushpiz, Ambassador of Israel to India. "We have concluded three rounds of talks relating to FTA and the fourth round is likely to be taken up in January next. You must understand that FTA is amongst the toughest subjects to deal with and has many aspects before being finalised, including the items to be included. Therefore, we see this being concluded by December 2012 paving way for acceleration of trade between the two nations," Mr Ushpiz said.
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