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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.

Michael Furaev

Strategic partner

Head of Quattrgroup

Visionary leader and designer of synergistic teams

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

Director of IUA

LL.M., Consultant, Project Manager, Attorney-at-Law

10 years of expertise in International and Ukrainian business and corporate law, energy law and antitrust law

Member of the GS Kyiv Hub community, WEF initiative

Co-founder of investment video blogs - VC ChatrOOm

https://www.linkedin.com/in/olha-stoliarchuk/

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

Founder of Paris-based DevteamRadar.com, he runs consultancy and software development projects to assure successful launches for new startups and SaaS businesses