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FTA to expand Ukrainian agricultural products access to Israeli market
30.03.2018 18:53 "Agro Perspectiva" (Kyiv) —
The signing of a Ukraine-Israel free trade agreement (FTA) opens up new opportunities for those who are already working on this market, as well as for companies that are only going to do that, Ukrinform says referring to Ukrainian Deputy Agrarian Policy and Food Minister Olha Trofimtseva this week report.
«Israel is currently a stable member of the top 20 countries with which Ukraine has the largest share of agricultural and food products’ trade. As of 2017, Ukrainian exports of agricultural and food products to Israel amounted to US$411.4 million. The signing of the free trade agreement between our countries, thanks to the agreements reached, will expand access for Ukrainian agricultural products. However, we will be able to announce concrete figures and volumes only after the official signing of the agreement,» Trofimtseva said.
As to her, agricultural and food products occupy the largest share of the structure of export from Ukraine to Israel.
«Negotiations on the FTA were intense and uneasy. Due to the diligent work of the Ukrainian Economic Development and Ukrainian Trade Ministry and the Agrarian Policy and Food Ministry, considerable attention was paid to the issue of liberalizing access to the Israeli market for as many agricultural and food products as possible, given the high level of protection of the Israeli market through the application of high import tariffs and requirements imposed on products in connection with religious aspects,» Trofimtseva admitted.
As to the earlier report, as of this year Mar 28, Ukraine and Israel approved a plan for signing and ratifying of the FTA agreement within the shortest possible time.
The free trade agreement provides for the abolition of import duties on 80% of industrial goods from Ukraine to Israel, as well as for a number of agricultural products, after the document comes into force.
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