The agreement is expected to soon bring bilateral trade to $3 billion, the ministry said, after bilateral trade between the countries rose 18% last year to $2.2 billion.
To help push the idea forward N7 held a conference in Bahrain this week to focus on ways to strengthen Israel’s commercial ties to the region.
The agreement will be signed during the upcoming visit of Iranian president Raisi in Indonesia's capital of Jakarta.
Experts disagree on the extent to which the Indian investments benefit the local economies
Such a free trade area would enable the countries of the Abraham Accords and eventually, the wider MENA region while constraining China’s predatory economic practices.
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