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Israel Trade Negotiation: Update
20 July 2022
Type
Written Ministerial Statement
Department
Department for International Trade
At a Glance
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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Assessment & feedback
Summary accuracy