The reason for the delay in ratification of the FTZ agreement between Ukraine and Israel is the constant re-election of the Knesset. This became known from an interview with Israeli Ambassador to Ukraine Joel Lion to LB.ua.
"In Israel, we are now going to the third round of parliamentary elections. This means that some processes have been suspended for more than a year. We signed a free trade zone agreement with Ukraine a year ago. It was not ratified. It could not be ratified by Israel. Therefore, it is not working right now, "said the Israeli ambassador.
According to him, the agreement cannot be transferred to the Knesset by the transitional government, because the parliament has been dissolved.
However, Israeli Prime Minister Benjamin Netanyahu asked the officials responsible for the FTZ to find a solution to the issue with the ratification of the said document, Lion added.
He noted that trade between countries cannot grow without the ratification of the FTZ.
“At the moment when the FTA starts working, we will see a growth in trade, an increase in the economy. After all, if you can export goods to Israel from Ukraine without taxes. Of course, the Israelis will want to buy them, buy them in larger quantities. The same thing will happen on the other side," the Israeli diplomat emphasized.
We recall that the FTZ agreement was signed in January 2019 as part of the visit of President Petro Poroshenko to Israel. In July 2019, the Verkhovna Rada ratified a free trade agreement. In August, President of Ukraine Volodymyr Zelensky signed a law ratifying a free trade agreement between Ukraine and Israel.
Israel will hold parliamentary elections for the third time in a year: citizens will come to polling stations on March 2.