A free trade Agreement between the EEU and Israel is being prepared

On March 3-5, 2020, the sixth round of negotiations on the conclusion of a free trade Agreement between the EEU and its member States and the State of Israel took place in Jerusalem (state of Israel).

During the negotiations, the parties discussed the main differences on the provisions of the future Agreement in the sections on market access for goods, technical barriers to trade, sanitary and phytosanitary measures, rules for determining the country of origin of goods, trade facilitation, dispute resolution and horizontal legal issues.

During the negotiations, the Israeli side presented an electronic system for issuing certificates of origin.

Kazakhstan side is represented by the Ministry of trade and integration, Ministry of foreign Affairs and the state revenue Committee of MF RK.

As a result of the negotiations, the parties were able to resolve some differences on a number of discussed sections.

In General, it should be noted that the Agreement will help to increase mutual trade between our countries and strengthen trade and economic cooperation.

Reference. The trade turnover between Kazakhstan and Israel in 2019 amounted to 513.9 million dollars. US $ 11.5% higher than in 2018 (us $ 461.1 million). USA). Exports from Kazakhstan to Israel in 2019 increased by 17.2% and amounted to 466.5 million dollars. USA. Imports to Kazakhstan from Israel in 2019 decreased by 24.9% and amounted to 47.5 million dollars. USA.