Free trade agreement ratification

Updated
2020-11-25

The free trade zone between Ukraine and Israel shall enter into force on 1st January 2021. However, we recall that the Ukrainian Parliament ratified the Agreement in July 2019, and in August the President of Ukraine, Volodymyr Zelensky, signed into law its ratification. Continuous legislative elections were the main reason for such delay of ratification from Israel.


After the Agreement enters into force, import duties on Israel will be in fact completely abolished on 80% and 9.2% of industrial and agricultural goods, respectively, and by Ukraine on 70% of Israeli industrial products and 6.8% of agricultural products.  This will greatly simplify trade in goods, in which countries are most interested: for Ukraine these are cereals, fats and oils, base metals, plant products, food, wood and wood products. As for Israel, these are precious metals, chemicals, machines and apparatus. For other agro-industrial goods (15% for Israel and 2% for Ukraine) partial liberalization is envisaged.


During a briefing session on Monday, the President of Ukraine also announced the start of work to expand the agreement to the service sector, which has suffered the most from the pandemic.  Therefore, this is a strategically correct step that will contribute not only to the "recovery" of the tertiary sector of the economy of Israel and Ukraine, but also to the restoration and further development of tourism between countries, as well as increasing competitiveness and efficiency of domestic markets.

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Michael Furaev

Strategic partner

Head of Quattrgroup

Visionary leader and designer of synergistic teams

Sergey Vilner

Strategic Partner

CEO of Quattrgroup, IUA’s strategic partner in Ukraine

Over 20 years of technical and management experience in healthcare IT, including long-term cooperation with Ilex Medical Ltd

Anna Zharova

CEO of IUA

Entrepreneur and International Consultant, specializes in developing, managing and launching impact projects in commercial and social spheres

Co-founder of nonprofit organization "Israeli Friends of Ukraine"

Board Member in “Pnima” - Israeli organization, uniting public and government leaders

Eddy Dave

Chairman of IUA

15 years of experience in capital markets, investments, business development

Owner of Israeli-Ukrainian outsourcing company: 400 employees, 5 years of operations, offices in Kharkov and Kiev

Managing Partner of Camalia Capital Markets, which was successfully sold to Meitav Dash 5 years ago. Meitav Dash is the second biggest investment house in Israel with more than 50b$ at the disposal

Olha Stoliarchuk

Co-founder of IUA

Main expertise in oil and gas laws, data protection and antitrust law

Olha’s portfolio embraces positions of a Legal Counsel for NJSC Naftogaz of Ukraine, a lawyer in the international law firms Schoenherr LLC and Salans LLC

Manager at the Ukraine Discovery Tour and a founder of NGO ‘Go.UA’, a member of ELSA Vienna, Law Clinic of NauKMA

Olha is an active volunteer, being a member of NGO ‘Legal Hundred’, Charity Organization ‘The Wheel of Good Deed’, actively working pro bono with soldiers in ATO zone (anti-terrorist operation), displaced children and handicapped people society in Ukraine

Daniil Tsiporukha

Co-founder of IUA

Social Media, Digital Marketing and Paid Ad Expert, Entrepreneur

Skilled in PPC, Analytics, Product Marketing, Start-ups, and Product Development

BA degree in Communications and New Media Studies IDC Herzliya, MA in Law ISU Kyiv

Co-Founder at Draw Days Tel-Aviv, IUA and Echo

Eugene Proskulikov

Communication expert

Design of social, corporate, and business relations by developing and implementing long-term communication strategies and ad hoc campaigns, based on data-driven analyst, creative approach, and coherent content policy

17 years of practice in communications as a strategist, analyst, copywriter, and marketing expert. Provided services for about 200 international and Ukrainian brands in various industries

Mykyta Khodakivskyi

Co-founder of IUA

An independent international expert that has been in software development, in particular, in cross-application development projects in global e-payments, eCommerce and FINTECH for nearly 15 years

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Buyers Tour:Furniture and Interior Design Industries in Ukraine

Date:

05.02 - 08.02.2019

About

As for the Export Strategy of Ukraine 2017 - 2021, presented by the Ministry of Economy and Trade of Ukraine, the IT and creative industries (services) are one of the seven key directions. Moreover, the Ukrainian Furniture market is a fast-growing segment of the economy which augments 14% annually. That is why Architects & Designers Buyers Tour was a well-time event in terms of Ukrainian Export Strategy implementation and further policy adoption.

Partners

Purpose

  • Deep dive into Ukrainian Furniture Industry and Interior Design Ecosystem.
  • Present Ukraine`s export capabilities in the sector of architecture and design
  • Lay the groundwork for long-term business relations between Israeli and Ukrainian enterprises in the sphere
  • Demonstrate the feasibility of the Ukrainian market niche.

Results/goals reached:

  • 10 - 15 participants, architects, developers and design businesses from Israel;
  • 20 - 40 B2B meetings in Kyiv and its region;
  • 60% of participants report increased business linkages with businesses in Ukraine;
  • 40 new business contacts established during the trade mission;
  • 5000 of target audience reached by the media campaign in Israel;
  • 8 B2B itineraries company-specific developed.
Study tour“Exploring Israeli FoodTech Industry”

Date:

29.10. - 02.11.2019

About

With expertise in biotech, food e-commerce and ingredient innovations, Israel holds its position as one of the biggest food tech communities globally. At the same time, Kormotech is the leading pet food producer in Ukraine. Therefore, we have found an opportunity for promising cooperation through sharing experiences with high-tech and family companies, innovation, and R&D сenters.

Purpose

  • Deeper insight into the Israeli market niche.
  • Discover the hottest technologies, get to know innovative approaches in production, business development and sales strategies on an international scale.
  • Expand and strengthen the network.
  • Sharing experience and learning from real successful cases.

Results/goals reached:

  • 7 B2B meetings with key industry companies in Israel;
  • Bringing to negotiations with 3 Israeli companies.