Ukraine and Israel are gearing up for the signing of the Free Trade Agreement, which will significantly deepen the trade relations between the countries and allow to increase the trade turnover, which makes up USD 1 billion per annum. The document can be signed at the end of November. This was the topic for discussion during a meeting of Prime Minister of Ukraine Volodymyr Groysman with the Extraordinary and Plenipotentiary Ambassador of the State of Israel Joel Lion. The diplomat commenced his tenure at the end of October and the meeting with the Head of Government became one of the first for him in his office.
Commenting on the current level of relations between Israel and Ukraine, Volodymyr Groysman noted that both countries had intensified the bilateral dialogue over a year ago and have achieved considerable success for now.
"We have an efficient political dialogue. And it is appropriate here to note the indisputable achievements in the economy. We have been intensifying work on the preparation and signing of the Free Trade Agreement for more than a year. And I am glad that in late November the Agreement will be signed. It shall open new opportunities for trade between our countries", stressed Volodymyr Groysman.
He drew attention to the fact that the Agreement would be beneficial for the two countries, as the negotiation process allowed finding the most acceptable formula for development.
In turn, the Ambassador Joel Lion noted that the economy is really important in relations between the two countries, and the FTA will help the ultimate customer thereby contributing to intense competition.
"I warmly welcome the signing of the Agreement in the near future", the diplomat said. "And I am glad that we have yet more directions of development of our bilateral relations. Among those - the sphere of innovation and entrepreneurship".
Ambassador Joel Lion said that the Ukrainian-Israeli Innovation Summit would be held in Kyiv on November20, bringing together dozens of enterprises and entrepreneurs working in innovation.
Under the Export Strategy of Ukraine, in particular the Roadmap for Strategic Trade Development 2017-2021 of Ukraine, Israel enters the TOP-20 promising markets for the exports of Ukrainian products and is one of Ukraine's major trading partners in the Middle East.
The most promising for cooperation are agricultural production, tourism, carbohydrates processing, communications, healthcare, energy efficiency and environment.