Ukraine, Israel are at final stages of negotiations on Free Trade Area

Source : 112 Ukraine

It is important that FTA creates new possibilities for the Ukrainian exporters
14:26, 28 September 2017

112 International

Ukraine and Israel are at the final stages of the negotiation on the creation of the Free Trade Area (FTA). Deputy Minister on Economic Development and Trade Natalia Mykolska reported this at Facebook.

'It is important that FTA creates new possibilities for the Ukrainian exporters. That is why we set a goal to provide the tax-free access to Israeli market for so many agricultural and industrial products as it is possible. It is also important for us that FTA works for the participation of the Ukrainian business in the global chains of the additional price in the context of the participation of Israel in the regional conventions Pan-Euro-Med on the preferential rules of origin, especially in the trade in the EU', Mykolska wrote.

Related: Ukraine's PM discussed FTA with Theresa May

She noted that the export of the Ukrainian products to Israel shows the growth. The export of the product from Ukraine amounts to 345.7 million dollars in seven month of 2017 and it is more in 25.6% in comparison with 2016.

Minister for Environmental Protection and Jerusalem Affairs Ze’ev Elkin claimed that the governments of Ukraine and Israel are going to finish working on the bilateral agreement on free trade zone until the end of 2017. The sides do not agree on the number of issues, including the list o the products for the export.

Related: Free Trade Area for Ukraine: Between hopes and reality of foreign policy

The agreement on the Free Trade Area between Ukraine and Canada came into force on August 1.

It is expected that the agreement will abolish 98% of the tariffs on the Ukrainian products that are exported to Canada since the August, 1. 72% of the tariffs will be abolished for the Canadian products and the duty-free export will grow for 98% during seven years.

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