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Trade with Israel Policy Update

02 February 2022

Proposing MP
Anne-Marie Trevelyan Con
Berwick-upon-Tweed
Type
Written Ministerial Statement
Department
Department for International Trade
View on Parliament.uk -->

At a Glance

Issue Summary

The launch of a call for input to inform the future trade agreement with Israel.

Action Requested

The UK aims to begin negotiations this year to upgrade the existing trade deal, focusing on boosting trade in services and digital sectors. Feedback from stakeholders will shape the mandate for detailed negotiations preparation.

Key Facts

  • The UK-Israel Trade and Partnership Agreement was signed in February 2019.
  • The agreement replicated EU-Israel provisions but excluded areas like services, data, and intellectual property.
  • The call for input aims to gather feedback from businesses and stakeholders on priorities for future trade relations.
  • Trade with Israel was worth £4.8 billion in 2020.
  • The demand for global imports by Israel is forecasted to grow almost twice as fast as the global average between 2019 and 2030.
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