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Israel-EU agreement on food interchange
Israel
Wednesday 04 June 2008
Israel has reached last week an important agreement with the European Union through which tariffs and quotas are abolished on about 95% of exchanged food products (including drinks, chocolate, bakery products, coffee and pasta).
According to Israel, through the abolition of the 40% tariff the two Countries’ trade exchange in the agrofood sector - so far unbalanced in favour of the European Union -should now allow Israeli companies to effectively compete on the EU market.
According to Israel, through the abolition of the 40% tariff the two Countries’ trade exchange in the agrofood sector - so far unbalanced in favour of the European Union -should now allow Israeli companies to effectively compete on the EU market.
