Petro Poroshenko, the President of Ukraine expects the signing of the Agreement on Free Trade Area between Ukraine and Israel during the visit of Benjamin Netanyahu, the Prime Minister of Israel to Kyiv. He reported this on Facebook.
‘As we agreed with Israeli Prime Minister in Davos in February, the negotiations on the FTA Ukraine-israel are successfully finished. The conclusion of the agreement will give impetus to our bilateral trade. I am looking forward the visit of my friend Benjamin Netanyahu to Kyiv for the signing’, the president wrote.
As we reported Ukraine finished the negotiations on the concluding of the Agreement on Free Trade Area with Israel and the signing of the document will take place in the near time.
The negotiations on the FTA with Israel were activated in 2016 and only in 2017, they passed through 11 rounds. After the signing, the agreement should be ratified by the parliaments of Ukraine and Israel.
The coming into force will allow to export the wide range of the agricultural products and food products, medications, cosmetics, chemical and light industry products, building materials, electronic goods and other products to Israel. In three years, the duties will be removed from the spices, seeds, flour, ketchup, canned goods, confectionary, clothes, furniture and glass goods.
The agreement regulates trade argues, fixes customs formalities, rules of the origin of the goods, describes the sanitary and protection means, including anti-dumping actions.