New Delhi, Sept. 9 -- The Government of the Republic of India and the Government of the State of Israel today signed a Bilateral Investment Agreement (BIA) in New Delhi. The Agreement was signed by Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, and H.E. Mr. Bezalel Smotrich, Finance Minister of the State of Israel. The ceremony was attended by senior officials from both governments.The Agreement marks a historic milestone in India-Israel relations. It is expected to boost bilateral investments, provide certainty and protection for investors, and facilitate trade and mutual investments.

The Agreement ensures a minimum standard of treatment for investors, an independent dispute resolution mechanism through arbit...