Free trade agreement ratification
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.
IUA at EBRD online event for Israeli businesses
Israeli-Ukrainian Alliance (IUA) took part in the “Business Opportunities in Digital Development and AG-Tech” online event by the EBRD
Crash course on Israel for Ukrainian Leadership Academy students
On December 7-11, representatives of Israeli-Ukrainian Alliance and a panel of invited experts will run a series of lectures on Israel for the students of Ukrainian Leadership Academy
Ex-Ukrainian ambassador to Israel named director of the Ukrainian Foreign Ministry’s Diplomatic Academy
Gennady Nadolenko, ambassador of Ukraine to Israel of 10 years, was officially appointed to his new post on November 25 by the Minister for Foreign Affairs of Ukraine Dmytro Kuleba
