Commons Sense

House of Commons · Written Ministerial Statement

Israel Trade Negotiation: Update

20 July 2022 · Department for International Trade

Proposed by Anne-Marie Trevelyan Con Berwick-upon-Tweed

Business & Trade

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • UK Department for International Trade is launching negotiations for an upgraded free trade agreement with Israel.
  • Strategic case documents and objectives for the negotiations have been published after a public consultation.
  • The goal is to enhance trading relationship in services and digital sectors while upholding high standards.

Issue summary

The UK Department for International Trade is launching negotiations for an upgraded free trade agreement with Israel.

Action requested

The department has published strategic case documents and objectives for the negotiations, informed by a public consultation. The goal is to enhance the existing trading relationship, focusing on services and digital sectors, while upholding high standards and engaging stakeholders throughout the process.

Key facts

  • Negotiations were launched on Wednesday 20 July 2022.
  • UK-Israel trade was worth £5 billion in 2021.
  • The existing agreement signed in 1995 covers tariff-free trade on 99% of goods but lacks provisions for services.
  • Around 6,600 businesses exported to Israel in 2020, with 5,600 being SMEs.
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