Date: 6 months ago   Category: Politics

On introduction of the FTA with Israel seven years will leave


Right after approval of the agreement by parliament Israel will cancel import duties for 9% of agricultural goods and 80% of industrial output. Introduction of the agreement on the free trade zone with Israel will take up to seven years. It at a meeting of the Government on Wednesday, January 23, the first Deputy Prime Minister - the Minister of Economic Development and Trade Stepan Kubiv said. "It will give the chance to business to be prepared and as much as possible to use possibilities of free trade", - he told. At the same time Kubiv added that right after ratification of the agreement Israel will cancel import duties for 9% of agricultural goods and 80% of industrial output of the Ukrainian production. "Israel will open the market for the Ukrainian medicines, fertilizers, paper products, construction materials, electronic devices and devices which are innovative at once", - the minister told. Ukraine in response to it will at once remove import duties for 7% of agricultural goods and 70% of industrial output of the Israeli production. Kubiv also noted that the agreement concerns only products, but registered in it also the beginning of negotiations on trade liberalization by services between two countries. As it was reported, on January 21 Ukraine and Israel signed the agreement on the free trade zone which prepared since 2015. It is expected that thanks to the agreement commodity turnover between the countries will grow by 15% and will reach one billion dollars. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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