Economic Development Ministry: Ukrainian exporters to benefit from free trade agreement with Israel

Economic Development Ministry: Ukrainian exporters to benefit from free trade agreement with Israel

543
Ukrinform
Ukraine and Israel have agreed on a plan for early signing and ratifying the free trade agreement.

Deputy Economic Development and Trade Minister of Ukraine Natalia Mykolska said this at a Cabinet’s meeting, an Ukrinform correspondent reports.

According to her, last year Israel's imports reached $70 billion.

"It was important to sign the free trade agreement as Israel is a fairly closed market with high bound tariff rates within the WTO, in particular with respect to food products. This deal opens new opportunities and grants Ukrainian producers and exporters the competitive advantages in the Israeli market. For example, the agreement provides for the immediate opening of the Israeli market for 80% of industrial products," Mykolska added.

As the official noted, trade in industrial products will be gradually liberalized, noting that jewelry will be the only exception on both sides.

As reported, according to the State Statistics Service of Ukraine, the volume of trade in goods and services between Ukraine and Israel totaled $973.4 million in 2017.

ol


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the internet that are open to search systems, hyperlinks to ukrinform.ua not lower than the first paragraph are mandatory. Citing and using materials in ofline-media, mobile apps, SmartTV are allowed only with receipt of a written permission from "ukrinform.ua". News and publications marked "Advertisement" and articles in the block "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2018 Ukrinform. All rights reserved.

Website design Studio Laconica
Extended searchHide extended search
By period:
-
*/ ?>