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Kyiv hopes to sign FTA with Israel, despite support of anti-Israel UN resolution
22:56, 27 December 2016

Kyiv hopes to sign FTA with Israel, despite support of anti-Israel UN resolution

According to Mykolska, negotiations on the FTA are beneficial both for Ukraine and for Israel

22:56, 27 December 2016

Униан

Ukraine hopes to continue the productive negotiations with Israel on the signing of the free trade agreement (FTA), despite the support of anti-Israel UN resolutions. The Trade Representative of Ukraine Natalia Mykolska said this during a press conference.

"These negotiations are always based on the economic and business interest. As of today, it was agreed to hold next round of consultations with the Israeli side in Kyiv in late January - early February", she said.

Related: Anti-Israel UN resolution: Why international scandal arose?

According to Mykolska, the negotiations on the FTA are beneficial both for Ukraine and for Israel.

"Israel is a member of the Pan-Euro-Med agreement, to which we also subscribe. In the context of their and our agreements with the EU, our agreement on an FTA with them may form our value chain in this triangle. Israel also needs new markets, because competition in the EU market will increase", she said.

Related: Ukrainian MFA held a meeting with Israeli ambassador

Mykolska stressed that the FTA with Israel is one of the priorities for the Ministry of Economic Development for the next year.

"We will work on it, as we see its importance for our interests and Israel's business", she concluded.

Related: Netanyahu about harsh reaction on anti-Israel resolution: Israel has national pride

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