FTA with Israel to give green light to Ukrainian various branches producers
22.01.2019 19:11 "Agro Perspectiva" (Kyiv) —
The agreement on free trade area (FTA) between Ukraine and Israel will stimulate cooperation between Ukrainian and Israeli companies in various sectors, Interfax-Ukraine says referring to
ex-Deputy Economic Development and Trade Minister, former Trade Representative of Ukraine Natalia Mykolska Facebook report.
«The agreement will give a green light for cooperation between Ukrainian and Israeli enterprises in many areas: high-tech, engineering, processing equipment for the food industry, and others,» she wrote.
She also admits that the Israeli market is quite closed and there are high import duties, in particular, for agricultural products.
«Therefore, the agreement opens up opportunities and competitive advantages for the Ukrainian exporters, canceling 80% of import duties for industrial goods,» Mykolska wrote.
As to the earlier report, as of this year Jan, Ukraine and Israel signed the FTA agreement. The negotiations had lasted since 2015.