Ukraine has officially
concluded negotiations kicked off in
2015 with Israel on signing of
the Free Trade Agreement. This was announced
by Prime Minister of Ukraine
Volodymyr Groysman during a Government meeting.
at the final
stage of the negotiations, we will shortly
shape conditions for signing of
the agreement", the Prime Minister
Negotiations on FTA with
Israel were initiated in 2015, and only in
2017 ,11 rounds of talks on the conclusion of the Agreement were held.
After signing the agreement must
be ratified by the Parliaments
of Ukraine and Israel.
The entry into
force of the Agreement will
allow to immediately and without duty export of a wide range
of agricultural and food products
to Israel, as well as
medicines, cosmetics, products of the
chemical and light industry, building materials, electronics, etc. In three years
duties will be removed on
spices, seeds, flour, ketchup, canned food, confectionery,
clothes, furniture and glass.
The agreement regulates
trade disputes, fixes customs procedures,
rules of origin of goods,
describes sanitary and protective means, including anti-dumping actions.
The volume of
exports of Ukrainian goods and services to
Israel last year increased by 19% and amounted
to USD 781.2 million.